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by Fabrizio Patti 30 August 2019Slightly positive opening for European lists. Now Milan marks + 0.29% aligned in London and Paris, Frankfurt + 0.38%.Yesterday a rally day for the Ftse Mib, + 1.94%, and for Italian government bonds. The yield of the BTP touched the all-time low, at 0.91%, to then rise to 0.98%. In opening dates, it is at 1.00%, a spread at 169 basis points, one more than yesterday's closing.
Wall Street was also positive yesterday, with a rise of over 1% for the main indices. The words of a spokesman for the Chinese Ministry of Commerce, Gao Feng, were influenced. Beijing, he said, rejects an escalation of duties and intends to settle disputes calmly.
But meanwhile the news from Hong Kong is shaking the markets. An exclusive news from Reuters, according to which the Chinese government refused the proposal to withdraw the extradition law in Hong Kong, had an immediate repercussion on the Chinese stock exchanges: they were positive, they turned negative.
The Argentine stock exchange is under observation today. Yesterday the Merval index of the Buenos Aires Stock Exchange fell by 5.79%, after the government asked for more time to pay 101 billion dollars of time. In the last month, the Buenos Aires stock market had a 46% drop.
Update 9.20