Milan pink jersey, slightly declining spread

2019-11-12T11:51:41.422Z

The European stock markets continue in positive territory, driven by the Zew index that measures the confidence of German entrepreneurs (better than expected) and by the expectations on the China-US dialogue on trade war. This evening, US President Trump will give a talk at the Economic Club of New York about US trade policy. Milan accelerates and gains 0.90% - the pink jersey in Europe - followed by Frankfurt at + 0.66%, London + 0.35% and Paris + 0.30%. The spread between Italian BTP and German Bund slightly falls to 149 basis points, with our ten-year yield at 1.25%. In Piazza Affari, banking stocks and financials in general are good, but also industrialists. The best is Ubi Banca at + 2.44%, followed by Stm + 1.95% and Azimut at + 1.77%.