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by Fabrizio Patti 30 August 2019All positive European lists. Now Milan marks + 0.58%. The performances in Frankfurt were brilliant, + 1.09%, and in Paris, + 0.89%.The yield of the Italian BTP continues to fall: yesterday closing at 0.98%, today it is at 0.96%. The drop in the last month is 63 basis points, about double the 10-year bonds issued by Germany, France and Spain, whose yields remain significantly lower: it is 166 basis points today with the German bund spread, at 85 points base one with the Spanish bono.
Markets benefit from yesterday's Wall Street climb, following the words of a Chinese government spokesman. Beijing, he said, rejects an escalation of duties and intends to settle disputes calmly. Yesterday, Christine Lagarde, president-designate of the ECB, yesterday declared in a letter to the EU Parliament that the "bottom" of the rates has not yet been touched.
Today the news from Hong Kong shook the Asian markets: they were positive, in closing they turned negative.
Argentina remains under observation: -5.79% the Buenos Aires stock market yesterday after the government requested a deferred payment of 101 billion dollars of debt. In the last month the Merval index has almost halved.
Among the individual stocks, the performance of Cnh Industrial stands out, up 5.15%. The headline was driven by Bloomberg's rumors that Bloomberg, the subsidiary controlled by Exor, is thinking of a spin-off of Iveco trucks. The banks of the Ubi Banca and Banco Bpm close the ranking of the Ftse Mib. Atlantia is also on the rumors of a possible convergence between Pd and M5s to overhaul the motorway concessions, applying the price cap principle and giving effect to Resolution 71/2019 of the Transport Regulation Authority.