European stock exchanges remain weak pending the return of Wall Street

2021-02-16T12:48:57.309Z

Wall Street reopens after yesterday's holiday and index futures are positive. This is not enough for the European lists to go even higher, despite the German business confidence index well in February. Milan, after six consecutive increases thanks also to the Draghi effect, is now traveling just below par (-0.06%). Paris, London and Frankfurt are also flat. Oil-related stocks such as Saipem + 2.18% and Tenaris + 1.86% are in the spotlight on the Piazza Affari list. The spread drops slightly to 90 basis points, while the yield on our BTPs is confirmed not far from historic lows at 0.54%. Oil continues to climb on the commodities market, with North Sea Brent at $ 63.23 a barrel, reaching its highest level for 13 months now. The rise of the euro against the dollar does not stop with the exchange rate at 1.2164.