Waiting for the ECB bazooka European stock markets are rising

2019-08-19T07:31:57.099Z

Despite the signs of an economic slowdown, the wave of rises continues on Friday. The markets are confident about the "bazooka" that the European central bank could use in September to support growth. Support for the indices also comes from the president of the United States, Donald Trump, who excludes the risk of recession and appears more conciliatory with China on the duty. Thus, after the good performance of Asian markets, Milan opened with an increase of 1.14%. Above the percentage point, also Frankfurt (+ 1.28%), while London and Paris proceeded together at + 1.01%. The number of banks with Banco Bpm, Intesa San Paolo and Unicredit rose above the two percentage points on the Piazza Affari price list. The slow decline in the spread continues. The differential with the German Bund drops to 204 basis points, while the yield on the ten-year Btp drops to 1.35%. On the currency market the Euro is still weak on the Dollar with the exchange rate just below the 1.11 threshold.