Share

by Chiara Rancati

24 May 2021 The positive opening of the overseas stock exchanges does not change the trend on the European markets.

In Milan, the Ftse Mib index lost 0.73%.

London and Paris are moving just below par, while Frankfurt is closed for holidays.



The performance of the Milanese stock market is particularly affected by a technical maturity, that of the ex-dividend date, which pushes some important stocks down sharply, including Generali and Unipol, both down by more than 4%.



All positive, however, the American indices: The Dow Jones gains 0.45%, even better the Nasdaq, with an increase of almost one percentage point.



On the raw materials front, it is at least partially slowing down the run in metal prices: gold continues to rise at 1,884.5 dollars an ounce, while copper is back below 10,000 dollars a ton. 



The spread between BTP and German Bund was stable, at 116 basis points, with the yield on Italian ten-year bonds at 1.04%.