Piazza Affari continues to be under observation. Yesterday evening, after the breach of the 300-point threshold of the spread and the stock market falling to -0,2%, the summit between Prime Minister Conte, Deputy Prime Ministers Di Maio and Salvini, Ministers Tria and Moavero Milanesi, Undersecretaries Giorgetti , Castelli and Garavaglia reported caution on the markets. The opening to requests from Brussels with the level of the deficit confirmed at 2,4% but only for 2019 and decreasing to 2,2% in 2020 until reaching the 2% threshold at the end of the three-year period, pushed the spread down below 290 by mid-morning but that was short-lived. Italy remains under special observation not only by the EU but above all by the markets, which are extremely volatile. And the spread has risen to an area close to 300 points after the declarations of Minister Luigi di Maio: "The figure of 2,4% is confirmed in 2019 - explains the deputy prime minister speaking with reporters in the Chamber - as regards 2020 and the 2021 we are thinking about debt reduction and GDP growth with massive cuts to waste". He addressed the heavy judgment of Confindustria he adds: “We are not going back”. Not even Minister Giovanni Tria was able to reassure investors despite reassuring declarations about the government's intention to reduce debt and focus on investments.
A new summit on the maneuver is scheduled for this morning at lunchtime. The opening of Piazza Affari was also positive at +1,4% but then retraced.
"We have always said that this year we would have made a courageous maneuver even if they would have beaten us in Europe" but "it is clear that we aim that in future years the debt and the deficit will decrease", said the deputy prime minister and interior minister, Matteo Salvini, responding to Mattino Cinque on a 'reverse' by the Government on the data of the Update Note to the Def.
The euro is slightly recovering against the dollar at 1,16 at the opening, now trading at 1.15, up on yesterday, when the statements of the Northern League Claudio Borghi had caused a devaluation of half a point of the European currency.
The banks also improve but reduce their advantage, strongly affected on Tuesday by sales, starting with Banco Bpm which rises by 3%, Intesa Sanpaolo by 1,28%, Banca Generali by 2,87%, Bper Banca by 2,28%, Mediobanca by 1,8% as Ubi Banca, Unicredit by 0,7%. Mps also performed well (+1,3%).
Updated at 12:47
