MILANO – The European stock exchanges closed with a sharp drop in the aftermath of an all-up session, in the wake of the good data coming from the pmi indices. London is the best and manages to limit the liabilities to -0.67%, Milano loses 1.81% final, Frankfurt is the worst at -2.5% e Paris loses 0.9%. At Piazza Affari the title of Rome flies, which jumped by 21% at the end of the day after the news of Mourinho on the bench. Shines Mediaset after yesterday announced that he had reached an agreement with Vivendi to end their long legal battle.
Wall Street it is weak at the close of the European stock exchanges: the Dow Jones loses 0.4%, the S & P500 falls by 1.2% and the Nasdaq falls by 2.6%. In general, the climate on the markets is cautious in light of the trend of the pandemic in the world: the progress of the vaccination campaign in many countries is accompanied by the most alarming signals coming from India where the situation remains very worrying. Few references from the Asian side, with Tokyo and the main Chinese stock exchanges closed for holidays.
Risk appetite falls on the markets andeuro closes downhill. Investors withdraw from the stock exchanges and reward less risky assets. The European currency changes hands at 1.2029 dollars and 131.38 yen. Dollar / yen rises to 109.21. The spread between BTPs and German Bunds ten years closed below 110 basis points to 109.9 points. The annual yield on ten-year bonds fell by 1.3 points to 0.859%.
Among the macroeconomic data of the day, after the leap of the Eurozone the climate for British industries also improves in April. The indication emerges from the manufacturing PMI index which returned to rise last month. According to what Markit communicated today, in fact, the indicator rose to 60.9 from the previous 58.9 in March: well above the 50-point threshold that marks economic contraction and expansion. Then, for the United States, they expect the trade balance in March and industrial orders in March.
In the meantime, the race for raw materials continues on the markets. In recent days the spotlight has already turned to copper but silver is also leading the race, traveling at double prices compared to last year. After the weakness of the morning, the Petroleum WTI in New York gained 1.97% at $ 65.76 a barrel, thanks to optimism on the recovery of demand due to the easing of restrictions in Europe and the United States.
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