Europe closes in recovery. Pharmaceuticals are under pressure in the US

2021-05-07T20:25:45.243Z

The European stock exchanges end up in recovery, after a long negative trend due to the weak opening of the American markets. In Milan, the Ftse Mib closed at + 0.13%. Positive closing also for Frankfurt, Paris and especially London, the best with + 0.52%. As far as securities are concerned, the good moment for bankers continues in Piazza Affari. In particular, Unicredit is running, closing up by 5% after a quarterly report that is better than expected. The worst, however, is still Tim (-5.52%), weighed down by rumors of a stop to the single network project. The overseas price lists are also recovering. The Dow Jones is up by 0.62%, and the Nasdaq also regains its plus sign (+ 0.03%) despite the strong losses of the pharmaceutical sector and in particular of the manufacturers of Anti Covid vaccines, after the announcement of the 'Biden administration on patent suspension. On the government bond front, the slow rise in the spread between BTPs and German bunds continues, reaching 113 basis points. Yield of the Italian ten-year at 0.92%.