Shareby Marzio Quaglino 13 August 2019The political uncertainties in Italy take second place. The collapse of the Argentina stock exchange, the new demonstrations in Hong Kong and in the background the signs of a slowdown in the world economy depress investors.
Thus, after the decline of last night on Wall Street and that of today's Asian markets, even in the Old Continent indexes down in the opening. Milan sells 0.66%, a little more than London, Frankfurt and Paris. The number of banks with a Bpm counter of -1.94% and Ubi Banca -1.73% fell on the Piazza Affari price list.
On the government bond market, the 10-year BTP yield fell to 1.70%, but the simultaneous fall in the Bund nullified the effect on the spread that remains on yesterday's values at 129 basis points, well above the levels of a week ago before the Government crisis.
The climate of uncertainty favors gold, a safe haven par excellence. The yellow metal touches the six-year highs at $ 1,523 an ounce.
Among currencies, the Euro remains on the Dollar just below the 1.12 level.