Stock markets of the Old Continent all up: the best stock exchange was that of Madrid which recorded a final growth of 1.4%, with Frankfurt up by 1.1%. The Paris index was more cautious, closing up by 0.9%, London (+0.8%) and above all Amsterdam, with final growth by 0.5%.
Positive first session of the week for Piazza Affari after Friday’s slide on fears for the banking sector: the Ftse Mib index closed up 1.22% to 26,206 points.
Spread between 10-year BTPs and Bunds down: the spread closed the session on the electronic markets at 183 basis points against 187 at the start. The Treasury yield is 4.05%.
Deutsche Bank bounces on the stock market, analysts defend it
Deutsche Bank rebound on the Frankfurt Stock Exchange. The stock of the German bank closed the session up by 6.15%, at 9.07 euros, while the cost of the CDS, the insurance against a default of its debt, decreased. Several analysts considered the sell-off that the bank suffered on Friday to be unjustified: “Deutsche Bank is not the weak link in the European banking landscape,” said Kepler Cheuvreux, emphasizing the “very solid” fundamentals of the German giant.
Source: Ansa
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