Piazza Affari opens up, with a declining spread

2019-09-04T07:29:41.576Z

Piazza Affari on the rise and spreads once again falling. This opens the market session on the decisive day for the birth of the new government. In Milan the main index rises by 1.14% in the first exchanges, in line with the positive trend of the other continental markets. Frankfurt marks + 0.98%, Paris + 0.81%, London + 0.36%. Purchases on government bonds lower our ten-year yield to 0.79%, and the spread compared to similar German bonds falls to 149 basis points, up from 158 at yesterday's close. A decline that favors banking stocks in Piazza Affari, a sharp rise in a wholly positive price list in the early stages of trading. On the currency markets, the Euro is stationary just below 1.10 against the Dollar, at 1.0978. While after yesterday's debacle the Pound recovered some position by lowering the common currency to 90 pence and 50.