FTSE MIB erases gain on GDP and budget deficit headlines

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.

Dollar Tree stock rises despite mixed earnings report
US Crude Stocks rise unexpectedly
BREAKING: US ISM Non-Manufacturing PMI below expectations
GBPUSD slightly higher as Sunak delivers 2021 budget
BREAKING: US ADP jobs report well below expectations
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.