Pessimism returns, bags drop

2020-06-18T14:29:02.357Z

Weak opening for Wall Street, after the latest data on the job market. In the past week, 1.5 million new unemployment benefit claims have been filed, beyond analyst estimates. The Dow Jones starts weak at -0.36%, the Nasdaq looks for a slight rise to + 0.18%. The European squares weigh down in the wake of New York. Milan yields half a point, London 0.6%, Frankfurt and Paris around one point. In Piazza Affari banks in no particular order: the best stock is Mediobanca at + 1.7%, but the heaviest (after Juventus defeated on the field, which gives 5.30%) is Bper Banca at -3.3%. The spread between the Italian BTP and the German Bund widens to 183 basis points, our 10-year return to 1.38%. Boom of requests for auctions of Spanish and French government bonds.