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by Marzio Quaglino

Milan11 November 2020The long wave of increases linked to Joe Biden's victory in the US presidential elections and hopes linked to the Pfizer vaccine continues at the start of the session in Europe. Milan marks + 0.51% and does slightly better than London, Paris and Frankfurt.



Flare-up in oil prices. Since the beginning of the month, Brent from the North Sea has risen by $ 8 per barrel, reaching its highest levels since September. The price of 44.73 is also affected by the lower than expected inventory level.



On the government bond market, the 10-year BTP continues to rise, returning to 0.74%. But since the yield of the German Bund counterpart also increases, the spread between the two bonds remains at 121 basis points.