Clash over US-China duties: weak exchanges

2019-08-26T08:08:12.867Z

Weak exchanges at the start of a session in the Old Continent, after the declines in Asian markets. The war of duties and the uncertainties over the outcome of the dispute between the United States and China still weigh. Milan lost 0.45% after the first trade, with the focus on negotiations to form a new government. The spread between German BTPs and Bunds dates back to 200 basis points, the yield on our 10-year bonds stands at 1.32%. Among the other European exchanges, Frankfurt marks -0.28%, Paris -0.26%, while the activity of the City of London is stopped for a holiday today. The commercial tensions have sent the Asian stock markets down this morning: Tokyo has lost 2.17%, Hong Kong after the last series of demonstrations and clashes, slips by 2 and a half percentage points. With the markets under pressure, the race for safe havens starts again: the price of gold rises to 13-year highs, at $ 1,555 per ounce. Euro finally stable at the start of the week: at 1.1130 in the exchange with the Dollar.