European stock exchanges closed on a slowdown, BTP / Bund spreads dropped to 113 basis points

2021-05-26T16:51:27.967Z

European stock exchanges closed in sharp decline after a mixed day. Milan stops just above parity, at + 0.01%. A minus sign for London and Paris, the best is Frankfurt, up 0.18% despite disappointing figures for German gross domestic product, down 1.8% in the first quarter, more than analysts' forecasts. Insurance stocks are particularly penalized today - the sector index closes down by more than one percentage point, while Unipol is the worst of the Ftse Mib with -2.50%. Better than the list instead Bper bank with + 2.55%. Price lists in sharp decline in the United States: after a good start all the main indices are down, with the Dow Jones down by 0.08% and the Nasdaq by 0.06%. While the dollar continues its descent against the euro.The common European currency is worth over $ 1.22 - an increase of more than 12% in one year. On the government bond front, the spread between BTP and German Bund falls to 113 basis points, with the yield of the Italian ten-year returning below 1%.