European stock markets rebound: US tensions in China

2020-05-15T07:25:00.259Z

After two sessions in sharp decline, European stock exchanges are attempting to rebound. The turnaround signal left Wall Street last night and only partially continued in Asia. Optimism is fueled by the figure on Chinese industrial production which grew by 3.9% in April, better than expected. The fears concern the declarations hostile to China by the US President Donald Trump, which obtain from Beijing as much roughness. In this context, Milan rose 1.20%, after -1.84% yesterday. London, Frankfurt and Paris also move along the same line. The starting sectors on the Piazza Affari price list move in random order. Juventus (-1.05%) is in the queue after the tensions in the world of professional football on the stages towards reopening. The spread with the German Bund was stable at 238 basis points, one less than yesterday, while the yield on our 10-year BTP is 1.84%. On the currency market, the Euro Dollar exchange rate is practically unchanged, just above 1.08.