The price of gold continues to rise for the European stock exchanges

2021-05-18T22:21:14.434Z

Slightly higher opening for European markets. Milan is the best, with the Ftse Mib at 0.39%. Just above parity instead Paris and Frankfurt. Contrasted morning for the Asian indices: Tokyo fell sharply, while the Chinese markets remained positive. Despite some disappointing macroeconomic data from China: in April, retail sales increased sharply, + 17.7%, but less than expected by operators, who expected an increase close to 25%. In line with expectations, however, the data on industrial production, which grew by almost 10%. International uncertainty continues to push metal prices higher, with gold, the ultimate safe haven asset, this morning hitting a three-month high of nearly $ 1855 an ounce. Instead fold back the price of oil,at 68 and a half dollars a barrel, also thanks to the reopening of an important pipeline in the southern United States, which had been stopped for over a week due to a cyber attack. On the government bond front, the German btp / bund spread rose to 121 basis points, with the Italian ten-year yield still above 1%.