Rebound for European exchanges. Decreasing spread after the ECB

2020-01-24T08:46:09.375Z

Yesterday sales in Europe prevailed, today there was a rebound at the opening: Milan, London, Frankfurt, Paris saw the main indices rise by about a percentage point. 39 out of 40 stocks were positive on Ftse Mib. The best Cnh Industrial (+ 2.79%), Prysmian (+ 2.09%), Atlantia (+ 2.08%) and Leonardo (+ 1.74%). The only negative exception is Pirelli (-1.08%). Asian stocks today take a break for the Chinese New Year. The Shanghai, Shenzhen and Seoul stock exchanges are closed. Very limited exchanges in Tokyo and Hong Kong. The week was marked by fears about the new coronavirus, the biggest drop in Hong Kong, -4 percent. Investors try to understand the impact of the virus on sectors such as transport and tourism. The hypothesis of a slowdown in the economy has pushed oil down, with the North Sea Brent at just over 62 dollars a barrel, but today there is a recovery: 62.33 dollars a barrel, +0, 47 percent. Yesterday the ECB left interest rates unchanged, but President Christine Lagarde confirmed that there will be a revision of the ECB's strategy by the end of the year, it is the first time since 2003. Among the effects yesterday there was a generalized fall in the yields of government bonds. The Italian one fell by 12 basis points, now the spread with the German Bund is 160 points. At the start, the yield on the BTP is 1.27 percent. Today on the agenda at 10 the data on the Italian trade balance and on the expectations of economic operators in the Eurozone.