Mario Draghi lowers rates to an all-time low (0,15%) and, as usual when the president of the ECB energetically puts his hand on European monetary policy, gives breath to all the stock exchanges. Especially in Piazza Affari, sly in the morning but which immediately after Draghi's decisions consolidates itself as the pink jersey of Europe with the Ftse Mib which at 14 pm gains 1,3% reaching 22 thousand points a 21.904,56. The other continental lists also accelerated: Paris +0,9%, Frankfurt +0,4%, while London moves above parity after it was negative in the morning.
The Btp-Bund spread also reacts well to Draghi's intervention – even if not transcendentally – which immediately reached 163 basis points (compared to 166 points before the announcement), settling shortly after around 165. On the other hand, sharp fluctuations are recorded for the euro: in the morning the single European currency was trading around 1,36 dollars, and fluctuated nervously precisely in conjunction with the diffusion of the decision up to a maximum of 1,3644 dollars and then dropped below 1,36 at 1,3562. Same trend for the euro/yen which went from 139,44 to the top of 139,8 to now fall to 138,99. The dollar/yen is at 102,54 (from 102,49). The last cut decided by the ECB dates back to last November, when the reference rate was lowered by a quarter of a point, which in turn benefited the European stock markets.
