Cautious start for Piazza Affari, declining spread

2019-08-29T07:35:20.493Z

Government bonds still at the center of investor interest. Already yesterday, the prospect of a solution to the government crisis pushed purchases, causing a sharp decline in the spread between BTPs and German Bunds. Spread that today restarts from 172, yesterday 175 basis points in closing. The yield on our ten-year bond stands at 1.01%, yesterday it had fallen during the session to the all-time low, for the first time below 1%. The phase of uncertainty for the stock markets continues. Fears of an economic slowdown, trade tensions between the United States and China, and the Brexit issue fuel nervousness. Weak Asian squares this morning: Tokyo closed down 0.09%, Hong Kong and Shanghai also slightly down. While the European stock markets are showing signs of holding: Piazza Affari starts the day up slightly + 0.05%, Frankfurt marks -0.19%, Paris -0.21%, London -0.14% at the start of trading.