Milan on the rise, the spread rises

2021-02-24T15:17:05.498Z

Another start to the session marked by weakness on Wall Street: the Nasdaq immediately drops half a point and the Dow Jones remains below par. In Europe mixed session: Milan is up by 0.32%, Frankfurt gains 0.44%, while Paris and London go down by about 0.20%. The spread between the Italian BTP and the German Bund widened up to 100 basis points (and then retraced to 99), the yield of our ten-year rose to 0.71%. In Piazza Affari the Telecom stock shines at + 8% in the wake of the presentation of the accounts (2020 closed with revenues down by 12.1% to 15.8 billion euros and a sharp rise in net profit to 7.22 billions). Cattolica also runs (+ 8%) on the hypothesis of Banca Finint's entry into the share capital.