(ANSA) – MILAN, 07 FEB – European stock exchanges continue weak while tensions on government bonds intensify with rising yields, after Fed and ECB positions and with fears about the hawks’ moves on monetary policies. In the background, attention remains high on the trend of inflation, in view of the United States data arriving at the weekend.
The spread between BTPs and Bunds rose to 162 basis points, with the Italian ten-year yield at 1.85. The 10-year yields of Greece (2.47%) and Spain (1.11%) also rose.
On the equity side, the stoxx 600 area index is not very moving (+ 0.02%). Negative performance for Milan (-1.4%) and Madrid (-0.6%), flat in Paris (-0.05%), up in London (+ 0.2%) and Frankfurt (+ 0.1%) , the latter after the data on industrial production.
The lists of the Old Continent are supported by information technology (+ 0.2%), by cars (+ 0.4%) and by banks (+ 0.1%). Utilities (-1%) and energy (-0.5%) were down. On the currency front the euro against the dollar is down to 1.1430 in London.
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Source: Ansa
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