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by Fabrizio Patti
February 18, 2021A prudent start for European markets.
The Ftse Mib index in Milan yesterday closed down by just over one percentage point.
Today shortly after the opening marks + 0.18%.
In the rest of Europe, London -0.1%, Frankfurt + 0.1%, Paris unchanged.
The spread is stable, at 95 basis points;
yesterday it had risen by 5 points.
The weakness of the markets is widespread internationally.
Yesterday Wall Street saw the major indices just above or just below par.
Paradoxically, it was the above-expected January retail sales data in the US that caused market jitters.
Many analysts are wondering about a possible return of inflation and about any rate hikes by the American central bank.
Meanwhile, Treasury rates, the US 10-year bond, are rising on the secondary market.
Meanwhile, oil surges: Brent reaches $ 65 a barrel, it is at the levels of 20 January 2020, at the beginning of the pandemic in China.
The rally has been going on for months but the surge is due to the Texas freeze, which is bringing the oil industry to its knees.
Among the stocks in Piazza Affari, today higher rises for Saipem (+ 2%) and StMicroelectronics (+ 1.57%).
Greater discounts for Generali Assicurazioni (-0.67%) and Campari (-1.11%).