Uncertain departure in Europe in the first session of July

2020-07-01T07:44:38.500Z

After a positive month and a record quarter on Wall Street, European stock exchanges remain cautious in the first session of July. The pandemic is not defeated even if, especially in the old continent, a sector such as tourism tries to restart. In this context, Milan rose by 0.17%, while the unexpected figure on retail sales in Germany pushed Frankfurt to + 0.66%. Paris (-0.05%) and London (+ 0.12%) are flat. The climate of uncertainty pushes the gold price. The yellow metal confirms its role as a safe haven and rises for the first time in 8 years above the threshold of $ 1,800 an ounce. On the government securities market, the yield on ten-year BTPs has risen again. This widens the spread with the German Bund to 179 basis points from 170 yesterday. Among the currencies, the Euro remained stable against the Dollar with the exchange rate at 1.1226.