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by Paolo Gila

August 26, 2021There is expectation for the Jackson Hole Bankers Summit scheduled for tomorrow. Investors press the brake and forgo risks. In this climate, European stock exchanges are slightly down: Milan drops 0.40%, Frankfurt loses 0.30% while London and Paris travel just below par. On Wall Street the indices are flat: Dow Jones + 0.08% and Nasdaq + 0.02%. The yield of our ten years is up, to 0.67%, which raises the btp / bund spread to 107 basis points. Euro against dollar at 1.17 and 50.