Start-up contrasted for European stock markets after declines in Asia

2019-08-07T07:45:44.198Z

Start of session contrasted for European stock exchanges. Milan + 0.10%, Paris + 0.25%, Frankfurt + 0.58%, while London slipped by 0.14%. Last night they recovered the Wall Street price lists, both the Dow Jones and the Nasdaq index gained just over 1 percentage point. But this morning the negative sign prevailed again in Asia: Tokyo lost 0.33%, and Hong Kong and Shanghai also fell back, positive until mid-session. The new weakening of the Chinese currency, the Yuan, is weighing on the Dollar, which feeds the fears of a currency war between the United States and China. Uncertainty that drives the race for safe havens: the price of gold is still rising, to 1,486 dollars per ounce, a new record for six years now. The Euro starts the session just below 1.12 on the Dollar, at 1.1196. While the spread between German BTPs and Bunds stands at 205 basis points, with our 10-year yield at 1.50%.