Milan down, euro recovering strongly against the dollar

2020-12-02T18:17:02.673Z

The gap on vaccines between the European Union and London is also reflected in the trend of the stock markets, weak with the exception of the British market: Milan yields 0.58%, Frankfurt 0.52%, Paris flat on the final (+0, 02%); on the contrary, London is up 1.23%. Bank stocks in distress at Piazza Affari. Rumors and hypotheses continue on the next stages of the banking risk. The sector was not helped even by the new drop in the spread to 113 basis points (our ten-year yield 0.62%). The euro at a two and a half year high against the dollar: the exchange rate against the greenback is 1.2090. The reason for the weakening of the dollar is the return of investor risk appetite, which penalizes safe haven assets par excellence such as the US currency.