Piazza Affari was not enthusiastic about the press conference of the president of the ECB Mario Draghi nor for the decrease in unemployment benefits of the USA which were slightly better than expected. On the contrary. The Milan Stock Exchange, immediately after the start of Draghi's press conference at the end of the ECB meeting, began to fall. And his descent, for now, does not stop. Above all, the banks are heavy (in mid-afternoon MPS loses 4,89%, Ubi - 2,5%, Unicredit - 2,15 and Banco Popolare - 1,9% and Fiat 8-2,9%).
At 15.30 (the press conference began at 14.30) the Ftse Mib was at 16.739,90, down by 1,36. It should be noted that, before Draghi's intervention, the value was 16.994.
The stock market indices of London and Frankfurt are slightly affected by this race to the bottom. The Ftse 100 lost 0,40% and the Dax 30 0,23%. Before Draghi's conference, the positive outcome of the auctions of Spanish and French government bonds had favored a smooth navigation of the Stock Exchanges.
