ECB: Lagarde, risks for markets if governments do not act – Economy

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Financial markets at risk if EU governments do not reach agreement on stimulus measures to revive and support the economic recovery after the coronavirus emergency. This is the warning launched by the president of the ECB, Christine Lagarde, according to sources, taken from Bloomberg, after a video conference.
The number one of the ECB explained that the calm on the financial markets is due to the fact that an intervention by the EU governments is expected but if this does not happen, then the ‘sentiment’ could change.

European stock exchanges are positive, albeit on a swing, with the price lists that look to the European Council and the negotiations on the Recovery Fund. The area index, the Euro stoxx 600, earns half a point with the evidence of energy and health-related securities. The intonation of US futures remains upward. Milan is the best (+ 0.70%) with the Ftse Mib trying to recover the highs marked in the first week of June. The spread between the BTP and the Bund is not much moved at 179 points.

Oil price rose to $ 40 a barrel with the recovery of demand. In New York, the WTI with delivery in July rises 3.4% to $ 40.15 a barrel.

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