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by Fabrizio Patti 07 April 2020
Second day of hikes on world markets, in the wake of yesterday's leap on Wall Street.
In Milan the Ftse Mib index rises 3.35%. Progress of more than 3% for the Frankfurt Dax, slightly less for the London and Paris indices.

Asian markets also saw increases in valuations for the second consecutive day. The Tokyo and Shanghai indices improved by 2%, slightly less for the Hong Kong and Seoul indices. The trend in trade is influenced by data and expectations on the spread of the epidemic. Yesterday, no casualties for Covid-19 in China, for the first time since January. While in South Korea second day with less than 50 infections. Cases are growing in Japan, where the government has announced aid to the economy for the equivalent of 900 billion euros. + 2% for the Tokyo stock exchange.
Yesterday also a strong rebound on Wall Street: + 7% for the Dow Jones, which reduced the drop since the beginning of the year to 20%. Same progress yesterday for the Nasdaq, which has fallen by 11% since the beginning of the year.

On the day of the Eurogroup which will have to discuss the Community instruments to support the economy, under observation the spread. Yesterday it closed down to 194 basis points, from 201 on Friday. At the start, it declined slightly to 193, with a ten-year BTP yield of 1.55%.

Among the sectors in Piazza Affari, even today the greatest progress is for technological (+ 5%) and banking (+ 4.7%) stocks.
It stands out among the individual DiaSorin stocks, + 6.60%. The diagnostic company has announced that it has completed the necessary studies at the Policlinico San Matteo in Pavia for the launch of a new high-processing volume serological test (170 samples per hour) to detect the presence of antibodies in patients infected with SARS. -CoV-2. The company is working to obtain the Food and Drug Administration (FDA) CE mark and emergency use authorization (EUA) by the end of April.
Among other stocks, rises above 5% for Leonardo, Unicredit, Exor, FCA and Mediobanca.

Update at 9.25