Positive European stock markets starting thanks to the Chinese central bank

2020-02-17T09:02:54.940Z

The Chinese Central Bank has introduced new liquidity to the markets to support the economy affected by the Coronavirus. The Chinese stock exchanges reacted positively and above all Shanghai (+ 2.28%), which thus returned to its previous values, eliminated the losses since the start of the epidemic. Positive repercussions also on the European squares which in the beginning all show the plus sign. Milan rises by 0.30% in line with London (+ 0.33%), while just above parity are Frankfurt (+ 0.12%) and Paris (+ 0.02%). The titles linked to the Auto stand out on the list of Piazza Affari, such as Pirelli (+ 1.66%) and Fiat Chrysler (+ 1.35%). The spread with the German Bunds did not move much and, on the Bloomberg platform, remained at 130 basis points, with the yield of the 10-year BTP at 0.90%. On the currency market, after the drops in the last sessions, the Euro recorded a modest recovery against the Dollar with the exchange rate at 1.0843.