Mixed stock markets at restart, spreads down. China beats expectations: it grows by 2.3% in the year of Covid

MILANO – The European stock exchanges close in no particular order in a crucial week for Italy and yours political crisis, which hovers over today’s Eurogroup meeting and that of the European Central Bank on Thursday. The spread between BTPs and German Bunds, the first thermometer of the tension on the Italian estate, is not affected by the government crisis after the decisive vote in the Senate and closes at 111 points, with the yield of the Italian ten-year at 0.6% on the secondary market.

Piazza Affari rises after the first few bars and ends up by 0.53%. The protagonist on the markets is Stellantis on the day of its debut in both Milan and Paris, which ended trading with a robust + 7.6%. Mixed the other European squares: London the 0.2% yields, Paris advances by 0.1%, while Frankfurt salt by 0.44%.

The new Ristori goes live with 50 billion in cash. Markets: spotlights on China and the ECB

January 17, 2021-

China’s GDP exceeds 100 trillion yuan

With Western markets slowing down, it is China to earn the covers: the GDP of the country from which the pandemic started jumps in the fourth quarter of 2020 by 6.5% per annum, compared to the 6.1% expected by analysts and the 4.9% recorded in the previous three months, while the economic growth is 2.6% (2.7% in the third quarter and 3.2% estimates). The recovery from the Covid-19 crisis is confirmed by the growth of the whole of 2020, quantified by the National Statistics Office at 2.3%, against the 2.1% expected on average on the eve: for the first time the Chinese product has exceeded 100 trillion yuan, 15,408 billion dollars). Even an annus horribilis like the one just passed, therefore, goes to the archive with the “plus” sign despite the slowest pace in more than 40 years.

Asian stocks moved mixed after Chinese data and without the guidance of futures on Wall Street, which closed today on the occasion of the national holiday dedicated to the Martin Luther King celebrations. The Nikkei 225 index of the Tokyo it closed down by 0.97% at 28,242.21 points. The bag of Shanghai rose by 0.84%, Hong Kong fa + 0,74%, Sidney is instead under pressure with a drop of 0.78%, Seoul yields more than 2%. Fears about the increase in coronavirus infections in the northeastern region of China remain protagonists. Investor sentiment comes to terms with the emergency lockdown imposed in the Chinese province of Hubei and, as he told Reuters the analyst Seo Sang-young, of Kiwoom Securities, “today’s data relating to the Chinese GDP feeds doubts about the recovery of the economy”. The figure remained positive, but highlighted a contraction in consumer spending, caused by the reluctance of Chinese consumers to spend due to uncertainty. The Chinese retail sales however, they contracted by 3.9% in the whole of 2020, making + 4.6% in December, but still below the + 5.5% estimated by the consensus and slowing down compared to + 5% in November).

L’euro is down and closes in Europe at $ 1.2070 on the greenback, a one-and-a-half month low, after ending trading on Friday at $ 1.2093. The greenback is also slightly retreating against the yen at 103.68.

Among the raw materials, the prices of Petroleum stabilize in the afternoon, after last Friday’s sales, which led both Brent and the WTI contract traded in New YOrk to lose about 2.3%, retracing from the highs of the last 11 months, which were tested last week. At the close of trading in Europe, the WTI contract is trading at $ 52.32 per barrel, while Brent is flat at around $ 55 per barrel.Oro up: the precious metal advanced by 0.4% to 1,837 dollars an ounce.

– .