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by Marzio Quaglino April 16, 2020 Pending the reopening of Wall Street grappling with new quarterly reports, European stock exchanges are attempting to rebound. Milan is confirmed as the best, with the Ftse Mib index rising by 1.40%. The growth of London (+ 0.34%), Frankfurt (+ 1.01%) and Paris (+ 0.61%) is more modest.
Tensions on government bonds are easing. Spread from yesterday's 240 basis points returned to 222, with the 10-year BTP yield down to 1.77%.
Oil prices recover. Brent, the North Sea crude oil, is trading $ 28.58 a barrel 5% more than yesterday's lows.
Among the currencies the second day of the Euro's decline against the Dollar with the exchange rate at 1.0877.