FTSE MIB (ITA40) took a steep dive shortly after 1:00 pm CET. Bloomberg agency reported that the country is set to revise GDP forecast for 2019 from 1% to just 0.1% and to raise budget deficit forecast for 2019 to 2.5%. The Italian stock market index moved almost 0.5% lower during the first 15 minutes after the report was published and now trades among the biggest European laggards.
FTSE MIB erases gain on GDP and budget deficit headlines
Apr 9, 2019