Milan closes down, spread up

2019-11-19T17:16:44.714Z

Mixed closures for European stock exchanges. Milan was weighed down at the end of the session and closed at -0.57%, driven down by industrial stocks. Paris also fell to -0.35%, while London gained 0.22% (awaiting the British elections on 12 December) and Frankfurt at + 0.11%. In Milan sales on many titles that traveled close to historic highs, such as Poste, Terna, Generali. The utilities are also bad. Meanwhile, the spread between Italian BTP and German Bund widens back to 158 basis points, with our 10-year yield at 1.23%. After the records of the last sessions, Wall Street is also opposed to overseas, cautious on the development of negotiations between the United States and China regarding the war of duties. The Dow Jones is weak at -0.22% and the Nasdaq is slightly higher at + 0.25%. Duty effect also on the slowdown in oil prices: Brent at 61.3 dollars a barrel, US crude at 55.7 dollars.