New drop for the spread, caution on the European stock exchanges

2020-05-19T07:40:14.246Z

Government securities highlighted on the markets. Yesterday after the first Franco-German agreement on a 500 billion recovery fund to be financed with a continental bond, the BTP / Bund spread had fallen by 20 points, to 222. In the opening new drop, to 212 points. The effects of the statements of the President of the ECB Christine Lagarde, who in an interview asked that the Stability Pact be reviewed before it comes back into force, are also under observation today. Yesterday happened for the first of three BTP Italia placement days reserved for private investors. Securities worth € 4 billion were raised. The collection will be used for healthcare expenses. Equity indices in Europe saw an initial rise that gradually faded: the Ftse Mib fell below parity at 9.25, after opening up a percentage point. The best performance is that of the Frankfurt Dax, +0.80 percent. The day also started well in Asia, especially on the Tokyo (+ 1.49%) and Hong Kong (+ 2.10%) stock exchanges, the best is Seoul, +2.25 percent. Raises following yesterday's Wall Street (Dow Jones + 3.85%, Nasdaq + 2.44%) and European markets, facilitated by the encouraging results of the first trials of the anti-Covid vaccine of Modern society, whose title is it is appreciated by almost 20%. Results that led to a new rise in oil yesterday, with the North Sea Brent trading at $ 34.8 a barrel and the American WTI at $ 31.8. Today stable prices compared to yesterday. In Piazza Affari increases by one percentage point for banks and utilities. The oil & gas sector fell by half a point and industrial stocks by a quarter of a point, especially for the automotive sector (-0.68 &). Among the individual securities, the highest increases for Unipol, (+ 2.44%), Exor (+ 2.05%), Unicredit (+ 1.63%) and Enel (+ 1.60%). Greater decreases for Tim (-4.53%), Amplifon (-3.80%) and Recordati (-3.28%).