Piazza Affari down in the middle of the day. Record drop to 0.72% for the ten-year BTP rate

ROME – The main European stock exchanges are traveling in contrast after a cautious rise. The Ftse Mib index in Piazza Affari drops 0.42% and the Dax 30 in Frankfurt marks -0.02%. The FTSE 100 in London (+ 0.61%) and the Cac 40 in Paris (+ 0.27%) continue in positive territory.

At the opening, the Ftse Mib recorded a progress of 0.13% to 19,608 points. after the announcement of the sale to the Euronext-Cdp-Intesa Sanpaolo consortium. Frankfurt rose by 0.15%, London by 0.39% and Paris by 0.41%. In New York, the Dow Jones future rose by 0.32%, the S&P 500 by 0.35% and the Nasdaq by 0.24%.

Record decline for the interest rate of Italian ten-year BTPs, which mark a drop in yield to 0.721%. The spread with the Bund narrowed to 126.6 basis points.

The Bank of Italy also announces that it has completed the placement of annual BOTs. The auction ended with the placement of the entire amount on offer. In particular, 7 billion euros of vouchers were placed, against requests for over 12 billion. The coverage ratio was therefore equal to 1.72, while the gross yield was negative as in previous auctions: -0.436%.

Asian stock exchanges show mixed trends: investors are waiting to understand the developments of the resumption of negotiations between the Trump administration and the Democrats to try to adopt a new stimulus package for the US economy. Taiwan and Seoul remain closed for holidays, and Shanghai, on recovery after the holiday break, gains 1.6%, while Hong Kong’s Hang Seng index drops 0.56%. Tokyo closes the exchanges with a -0.12%.

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