Declining spread pending ratings Stock exchanges appreciate the China-US call

2020-05-08T11:33:15.345Z

It is a phone call between China and the United States that focuses the attention of international investors. Chinese vice premier Liu He called U.S. Treasury Secretary Steven Mnuchin and commercial representative Robert Lighthizer. There is talk of negotiations after the Trump administration's accusations against the Chinese for managing the epidemic. The phone call boosted Asian stock exchanges this morning. The best performance was the Tokyo stock exchange, +2 and a half percent. Today a plus sign for European stock exchanges, after yesterday's moderate rise. Milan's Ftse Mib scores + 0.58%, Frankfurt + 1.10%, Paris + 0.86%; the London stock exchange is closed on public holidays. The Milan index is less brilliant due to the drop in the utilities sector and because two other sectors weighing on the Ftse Mib are flat: banks and oil companies. Among the individual stocks today strong increases for Atlantia (+ 6%) and Prysmian (+ 5%). Greater falls for Pirelli and Juventus (-1.80%). Even several quarterly reports today. Soon that of Ubi Banca. In the meantime, that of Buzzi Unicem (+ 3.65%) has come out. Turnover was stable in the quarter, the note said, because construction sites in the United States and Germany did not stop in March. Wall Street Index futures anticipate an upward start. Yesterday the Nasdaq, the list of technological stocks, with + 1.4% returned above the levels of January 1st. The spread yesterday dropped by a couple of points to 247 basis points, today it has fallen to 241. Waiting for the Eurogroup and the judgment on the Italian debt of the Moody's and Dbrs agencies.