Home » The close ECB hurts Italy more. A black Friday for banks and spreads

The close ECB hurts Italy more. A black Friday for banks and spreads

by admin
The close ECB hurts Italy more.  A black Friday for banks and spreads

MILANO – A black Friday for Italy on the financial markets, targeted by sales on both the equity and bond fronts. Piazza Affari lost 5.17% in a single session, the worst worldwide result, burning 39 billion in capitalization, dragged down by the collapse of bank stocks. While the spread between Italian and German ten-year bonds rose to 224 points, bringing the BTP yield to 3.75%.

See also  “It smells like interest rate cuts”: ECB gives rise to hope for interest rate turnaround

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy