Stock Exchange: Europe closes brilliantly, tension on government bonds falls

Bills, AntonioTajani:

(ANSA) – MILAN, FEBRUARY 09 – Brilliant stock markets in Europe, in the wake of the positive trend of Wall Street and the easing of tensions on government bonds. After an uncertain eve, the lists of the Old Continent have raised their heads heading towards the best rise in recent weeks. A positive day also for the euro, which is once again strengthening against the dollar.

Against this backdrop, European equity markets have embarked on the upside path. The stoxx 600 area index gained 1.7%. Pink jersey for Milan (+ 2.72%). In positive ground also Paris (+ 1.46%), Frankfurt (+ 1.57%), London (+ 1.01%), Madrid (+ 1.98%). The spread between BTP and German Bund closed at 154 basis points, compared to 160 points at the start of the session and 158 points yesterday. The yield of the Italian ten-year declined to 1.748%, compared to 1.811 at the start of trading and 1.845% on the eve of the day. Ten-year bond yields from ‘peripheral’ countries also fell, with Spain at 1.06% and Greece at 2.4%.

In Piazza Affari, Banco Bpm highlights (+ 8%), after the 2021 accounts and the increase in the coupon. Positive performance also for Cementir (+ 5.5%), with last year’s record results and the new industrial plan. Cars also performed well with Iveco (+ 6.9%), Cnh (+ 5.6%) and Stellantis (+ 4.1%). Mediobanca was positive (+ 2.1%), on the day of the accounts of the half year.

Meanwhile, the session ended with a decline in MPS (-3.1%), with the reasons for the board’s mistrust of Guido Bastianini, who intends to sue the bank, Bper (-0.2%) and Saipem (-2.8) on the revocation %), the latter struggling with red forecasts in the accounts. (HANDLE).

Source: Ansa

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