Bags falling, data weigh and Argentine crisis

2019-08-13T11:37:02.984Z

Added to the commercial war between the US and China are the European figures that confirm the slowing of the economy in the Old Continent (the Zew index in Germany in August fell to the 8-year low in this part and unemployment in Britain has risen beyond the estimates in the second quarter). And in the background, concern for the Argentine situation is also thickening, where the stock market yesterday lost almost 50% after the failed success in President Macri's primary. In this scenario, the European stock exchanges give up half a point (Milan, London and Paris) while Frankfurt is down by 0.84%. Btp / Bund spread at 228 basis points with the yield on our 10-year bonds at 1 and 67%. Euro against the dollar at 1.12 and 15.