Bags at the window: caution on Brexit

2019-10-22T14:04:36.948Z

Contrast opening for Wall Street: the Dow Jones starts off slightly and the Nasdaq immediately gains a quarter of a point. Uncertainty is linked above all to the expectation of new developments on the US-China trade war front. From the White House comes the hypothesis of not applying on Chinese products the duties foreseen for the month of December, if the negotiations will go well. Brexit: under the spotlight the vote of the deputies in the House of Commons. In Europe the stock markets are positive, in particular London at + 0.66%. The pound goes down and after a minimum of 1.2891 dollars it is exchanged at 1.2924. They travel at a more moderate speed with fractional gains Milan, Paris and Frankfurt. Pending Italy's response to the letter from the European Commission - which asks for clarification on the maneuver - the spread between Italian BTP and German Bund drops to 128 basis points, with our ten-year yield at 0.90%. Euro up: trades at 1.1136 against the dollar.