Spread, today the auction test on the square business bots returns to rise

2019-09-11T07:35:34.480Z

A positive start for the Old Continent price lists. Milan + 0.34%. London also rose, + 0.39%, Frankfurt, + 0.44%, more limited growth in Paris, + 0.15%. Piazza Affari leaves yesterday's descent behind, also influenced by negative data on industrial production in July: -0.7% compared to June and July 2018, in both cases beyond expectations. Hong Kong and Tokyo stock exchanges, weaker Shanghai, did well in the night. Beijing has reduced some limits for foreign investors and today the usually well-informed director of the Chinese newspaper Global Times anticipates that there will be further stimulus measures. The markets then look to the ECB, which should make a new cut in deposit rates tomorrow, but with support for banks. The spread between BTP and Bund yesterday rose to 157 basis points, now it is 155. The yield on the BTP is 1%. Today there will be a Bot auction, up to 6 billion and a half, tomorrow a BTP, with a longer maturity, for almost 8 billion. It will be an important test on investor confidence in the economic choices of the new government. In Telecom Italia, the best Telecom Italia shares (+ 1.89%), followed by Buzzi (+ 1.66%) and Prysmian (+ 1.33%). The utilities Hera and A2A and Fca close the rankings, just below parity.