Weak bags, Milan stands out

2021-07-26T13:53:33.709Z

Fears of the pandemic and inflation are driving investors to be cautious. Wall Street opened lower with the Dow Jones down -0.10% and the Nasdaq down -0.30%. European stock exchanges are mostly negative. Frankfurt lost 0.21%, London 0.10%. Paris is stable around parity. Milan, on the other hand, gains 0.51% toned by purchases on banking and telecommunications. Euro at 1.18 against the dollar. Government bond yields are down: our ten-year yield is 0.63% and the spread with bunds is reduced to 104 basis points.