European stock exchanges pay a pledge to the negative forecasts of the International Monetary Fund, which indicates a global gross product down 4.9% in 2020, due to the effects of the coronavirus pandemic and the consequent lockdown. To tell the truth, such a forecast should not come as a surprise, indeed it could be expected that the stock exchanges had already metabolized it, and instead during the day there was a psychological impact that led Frankfurt to lose the 3, 43%, followed by Madrid (-3.27%), London (-3.11%) and Paris (-2.92%). In Milan, the Ftse Mib index made -3.42% at 19.162 points and the All Share -3.26% at 20.911. The Btp-Bund spread rose slightly to 173 basis points while the euro / dollar exchange rate fell to 1.1280 (-0.33%).
No securities in the main list have concluded the bargaining with the plus sign, while the ones in decline over 5% have been different: in various sectors Tenaris has been registered -6.19%, Exor -6.17%, Cnh Industrial -5, 84%, Mediobanca -5.72% and Banco Bpm -5.30%. Unicredit (-4.25%) and Intesa Sanpaolo (-2.61%) also fell. The new thud of the barrel of oil costs Eni shares to end the day -4.73% and Saipem -4.93%. In the industry, the Fiat Chrysler Automobiles stock loses 4.40%.