Waiting for the minutes of the Fed, in Germany 30-year bonds with negative yields

2020-08-19T10:46:24.986Z

Few exchanges waiting for clues on the next moves by the US central bank, which will arrive in the early afternoon from the "minutes" of the Fed meeting at the end of July. Halfway through the session, the Ftse Mib index of the Italian stock exchange marks + 0.35%, slightly better than Frankfurt, + 0.24%, while the Paris and Frankfurt stock market indices are around par. Futures anticipating the opening of Wall Street are also slightly up. Yesterday two indices, the S&P 500 and the Nasdaq, hit their respective historical records. It is mainly the effect of central bank action and fiscal stimuli. And among the catalysts of international investors' attention are the talks between Democrats and Republicans on a new round of support for the US economy. Today oil is down: -1% for the American WTI (at 46.46 dollars), -0.77% for Brent from the North Sea. An OPEC + meeting is scheduled today and at 4.30 pm data on oil stocks in the United States will be released. The rise of the last two days changes towards gold, now 1990 dollars per ounce, however on values ​​close to the all-time highs reached on 7 August. The euro / dollar is stable today, at 1.1936, after yesterday's breach of the 1.19 threshold. On the government bond front, the yields of both the Italian BTP and the German Bund fell by three basis points. The spread is stable at 146 basis points. Today in Germany the Bundesbank placed 1.249 billion euros of government bonds with a 30-year maturity: the average rate was negative: -0.05%. In Piazza Affari today higher rises for Diasorin (+ 2.2%), Mediobanca (+ 1.6 &) and Amplifon (+ 1.5%). Greater reductions for Tenaris (-1.9%), Saipem (-1.7%) and Unipol (-1%).