A China-US call pushes stock exchanges from Asia to Europe
2020-05-08T08:36:26.846Z
At the start, a plus sign for European stock exchanges, after yesterday's moderate rise. Milan's Ftse Mib scores + 0.45%, Frankfurt + 1.10%, Paris + 0.60%, Madrid + 0.70%. The London Stock Exchange is closed on public holidays. A phone call boosted Asian stock markets, which ended the stock market week on a positive note. The best performance is from the Tokyo stock exchange, + 2.56%; climb a little less than a point to Shanghai, Hong Kong and Seoul. The call is from Chinese vice premier Liu He to US treasury secretary Steven Mnuchin and US commercial representative Robert Lighthizer. We are therefore talking about negotiations after the Trump administration's accusations against the Chinese for the management of the epidemic. "Both sides said they should strengthen macroeconomic and public health cooperation, endeavoring to create a favorable atmosphere and conditions for the implementation of the Phase One economic-trade agreement between China and the United States, promoting positive results", reads the statement issued by Beijing. In the United States yesterday, the Nasdaq, a plus sign on the stock market, above all for the list of technological stocks, which returned to just above the levels of January 1st with + 1.4%. The spread yesterday dropped by a couple of points to 247 basis points, at the opening it is 243. Today the Eurogroup will decide on the conditions of the Mes. Tonight the judgment on Italian debt of the Moody's and Dbrs agencies. Industrial, technological and telecommunications and media sectors are now rising in Piazza Affari. The increases in utilities and banks are more limited. Among the individual stocks, the best performance for Cnh Industrial (+ 3%), which recovered after the drops in recent days. Following Banco Bpm and Leonardo, both after the presentation of the quarterly reports, yesterday. Greater reductions for Unipol, Azimut and Juventus, with drops between 0.50 and -0.85%.
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by Fabrizio Patti 08 May 2020 Opening plus sign for European stock exchanges, after the moderate rise yesterday. Milan's Ftse Mib scores + 0.45%, Frankfurt + 1.10%, Paris + 0.60%, Madrid + 0.70%. The London Stock Exchange is closed on public holidays. A phone call boosted Asian stock markets, which ended the stock market week on a positive note. The best performance is from the Tokyo stock exchange, + 2.56%; climb a little less than a point to Shanghai, Hong Kong and Seoul. The call is from Chinese vice premier Liu He to US treasury secretary Steven Mnuchin and US commercial representative Robert Lighthizer. We are therefore talking about negotiations after the Trump administration's accusations against the Chinese for the management of the epidemic. "Both sides said they should strengthen macroeconomic and public health cooperation, endeavoring to create a favorable atmosphere and conditions for the implementation of the Phase One economic-trade agreement between China and the United States, promoting positive results", reads the statement issued by Beijing. In the United States yesterday, the Nasdaq, a plus sign on the stock market, above all for the list of technological stocks, which returned to just above the levels of January 1st with + 1.4%. The spread yesterday dropped by a couple of points to 247 basis points, at the opening it is 243. Today the Eurogroup will decide on the conditions of the Mes. Tonight the judgment on Italian debt of the Moody's and Dbrs agencies. Industrial, technological and telecommunications and media sectors are now rising in Piazza Affari. The increases in utilities and banks are more limited. Among the individual stocks, the best performance for Cnh Industrial (+ 3%), which recovered after the drops in recent days. Following Banco Bpm and Leonardo, both after the presentation of the quarterly reports, yesterday. Greater reductions for Unipol, Azimut and Juventus, with drops between 0.50 and -0.85%.
