Share

by Marzio Quaglino March 31, 2020 Yesterday evening the leap on Wall Street, with the main indices over 3 percentage points, gave good reasons to support purchases on the stock markets. And from China came the news that, in this dramatic month of March, the purchasing managers index returned to the manufacturing sector above 50, which means expansion. So in Europe the start was in sharp rise with Milan rising by 2.02%. London, Paris and Frankfurt also grow around 2%. On the list of Piazza Affari stand out Eni and Leonardo both over 4 percentage points.

The price of oil is still in the spotlight. Last night's WTI fell to its lowest level since February 2002, falling below the $ 20 a barrel barrier. Crushed by weak demand and the price war between Russia and Saudi Arabia, crude oil is now able to rise slightly above $ 21.

On the government securities market, the spread with the German Bunds drops, which had exceeded 200 basis points yesterday. The differential is now at 193 with the Btp yield going back to 1.47%.