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by Marzio Quaglino Milan February 17, 2020 The decision of the Chinese central bank to add liquidity to support the economy affected by the Coronavirus calms the markets. Start of the week with the plus sign in Europe with the indices however not far from parity. Milan, today the best, rises by 0.58%, better than London, Frankfurt and Paris which do not exceed the quarter of a percentage point.
Ubi Banca shines on the list of Piazza Affari (+ 4.53%), after the industrial plan which provides for more profits and less costs, but also 2,030 redundancies.
The spread with the German Bunds did not move much and, on the Bloomberg platform, remained at 130 basis points, with the yield of the 10-year BTP at 0.90%.
On the currency market, after the declines of the last sessions, the Euro remains firm on the Dollar with the exchange rate at 1.0835.