No agreement with the Eurogroup, the spread spreads, bankers down
2020-04-08T07:48:29.968Z
Globally, investors try to interpret epidemic curves to understand when there will be a restart. But in Europe the eyes are on yesterday's failure to reach the Eurogroup: 16 hours of meeting before suspension and postponement until tomorrow. The spread closed yesterday at 195, stable on Monday. At the start, it rose by 15 basis points, for the rise of 14 basis points in the yield of the 10-year BTP, to 1.75%, while the Bund has a substantially stable return compared to yesterday, -0.34 percent. On equity markets, Milan's Ftse Mib marks -0.88%. The other indices also fell: London -0.87%, Frankfurt -0.60%, Paris -1.29%, Madrid -1.26%. During the night, there was a mixed trend for the stock markets in Asia. After two days of hikes, the Hong Kong (-1.58%), Shanghai (-0.19%) and Seoul (-0.90%) indices fell. Instead, the Nikkei 225 index in Tokyo rose by 2%. In Japan, in the face of the increase in cases of contagion from Covid-19, a state of emergency was declared and aid for 900 billion euros was deployed. Yesterday on Wall Street a slightly negative closing, after + 7% on Monday. Among the sectors in Piazza Affari, the biggest drop is for banks (-2.50% for the Ftse All Share Banks index). Down also oil & gas and utilities, on average slightly higher than half percentage point rise industrial stocks. On Ftse Mib, negative two thirds of the titles. Greater discounts for Unicredit, Mediobanca, Bper Banca and Intesa Sanpaolo, Unipol, Banco Bpm, all with drops of over 2 percent. Higher rises for Leonardo (+ 3.88%), Diasorin (+ 2%) and Azimut (+ 1.8%). Update at 9.30
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by di Fabrizio Patti 08 April 2020 On a global level, investors try to interpret epidemic curves to understand when there will be a restart. But in Europe the eyes are on yesterday's failure to reach the Eurogroup: 16 hours of meeting before suspension and postponement until tomorrow. The spread closed yesterday at 195, stable on Monday. At the start, it rose by 15 basis points, for the rise of 14 basis points in the yield of the 10-year BTP, to 1.75%, while the Bund has a substantially stable return compared to yesterday, -0.34 percent. On equity markets, Milan's Ftse Mib marks -0.88%. The other indices also fell: London -0.87%, Frankfurt -0.60%, Paris -1.29%, Madrid -1.26%. During the night, there was a mixed trend for the stock markets in Asia. After two days of hikes, the Hong Kong (-1.58%), Shanghai (-0.19%) and Seoul (-0.90%) indices fell. Instead, the Nikkei 225 index in Tokyo rose by 2%. In Japan, in the face of the increase in cases of contagion from Covid-19, a state of emergency was declared and aid for 900 billion euros was deployed. Yesterday on Wall Street a slightly negative closing, after + 7% on Monday. Among the sectors in Piazza Affari, the biggest drop is for banks (-2.50% for the Ftse All Share Banks index). Down also oil & gas and utilities, on average slightly higher than half percentage point rise industrial stocks. On Ftse Mib, negative two thirds of the titles. Greater discounts for Unicredit, Mediobanca, Bper Banca and Intesa Sanpaolo, Unipol, Banco Bpm, all with drops of over 2 percent. Higher rises for Leonardo (+ 3.88%), Diasorin (+ 2%) and Azimut (+ 1.8%). Update at 9.30
