Industrial stocks-to-peak, the spread holds

Fabrizio Patti
23 march 2020
It is a day of sharp declines for the stock markets. After the small bounce on Friday as the Ftse Mib of Milan, with a decrease of 3%,30. Similar declines in Frankfurt (-2,90%) and Paris (-3,10%), which is wider than the descent of London (-3,80%).

Among the sectors with the largest declines for the banks (-3,50%) and industrial securities (-4,60%).

Among the individual stocks, -13% for Cnh Industrial. Long today, the title was suspended after the news of the resignation of the chief executive officer Hubertus Mühlhäuser. In its place takes the interim president Suzanne Heywood. Increases instead for Nexi (+4,83%), in the sector of digital payments, and the diagnostic company Diasorin (+3,30%).
With regard to the bonds of the State, it maintains stable the spread Btp Bund, at an altitude of 202 basis points from the 200 Friday, in anticipation of the Ecofin meeting today in Brussels.

The markets are also affected by the decline of the future on Wall Street (-2,72% for those on the Dow Jones), due to the failure to reach an agreement yesterday in the us Senate on the economic measures, anti-coronavirus.
The week began with sharp declines In Asia, with the sole exception of the Tokyo stock exchange, +2%. Between the cali stands out as the -11% of Mumbai, India. Remains below $ 1,500 an ounce gold.

On the front of raw materials: oil still falling: -5%, at 25 dollars per barrel for the Brent of the North sea.