Share
by Paolo Gila
28 October 2021 The Central Bank of Europe leaves rates unchanged, but its president Lagarde warns: the recovery softens and inflation rises, even if in 2022 it should return to milder levels.
Faced with these assessments, investors intervened in the bond segment with very decisive repositioning.
Our ten-year yield rose to 1 and 02%, bringing the spread between btp and bund to 117 basis points.
In this climate, the European stock exchanges are little moved and in no particular order.
Milan earns 0.23% in line with Paris.
London and Frankfurt lose a quarter of a point.
Wall Street was positive with the Dow Jones at + 0.57% and the Nasdaq at + 0.65%.