Home » EU stock exchanges opposed on the «day of the 3 witches». Waiting rooms for Biden-Xi phone calls

EU stock exchanges opposed on the «day of the 3 witches». Waiting rooms for Biden-Xi phone calls

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EU stock exchanges opposed on the «day of the 3 witches».  Waiting rooms for Biden-Xi phone calls

(Il Sole 24 Ore Radiocor) – The stalemate in the peace talks in Ukraine invites European markets to be cautious, adopting the same attitude that also characterized the previous day. The wait is growing for the telephone conversation between the American President Joe Biden and the Chinese Xi Jinping (at 2 pm Italian time), the first since the Russian invasion of Ukraine began, after the diplomatic adviser of the Ukrainian President Volodymyr Zelensky left opened a crack by speaking of “an agreement is possible within ten days”, while US intelligence warned of the risk of a nuclear threat from Russia if the conflict were to continue. Tensions that have brought crude oil well above 100 dollars (Brent oil touched 110 during the night).

Thus, in the so-called “Day of the three witches”, which sees maturities on index futures, stock index options and stock options, the FTSE MIB in Milan, the CAC 40 in Paris, the DAX 40 in Frankfurt, the IBEX 35 in Madrid, the Ftse 100 in London and the AEX in Amsterdam. Investors are relieved to hear that Moscow’s payments on $ 117 million dollar-denominated bond coupons have gone through. it removes, at least for the moment, the risk of a Russian default.

In Milan, Enel and Atlantia stand out

In Piazza Affari, Enel, the day after the accounts, and Bper Banca stand out. The holding company Atlantia also performed well with the closing of the Aspi sale which is approaching. On the downside, Telecom Italia struggling with the Kkr offer and the interest of other funds. Positive Webuild, after the 2021 accounts which highlighted revenues up 40% and new orders for 11.3 billion euros with an order book at December 31st at a record 45.4 billion.

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Euro slightly lower, the crude oil run continues

On the exchange front, the single currency changes hands at 1.1073 dollars (from 1.1113 on the eve of the closing date) and at 131, 69 yen (131.644), when the dollar is worth 118.90 (118.44). Finally, a non-stop run for crude oil with WTI in April at $ 105 (+ 2%) and Brent in May at $ 108 (+1.3 per cent).

BTP / Bund spread trend

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Stable spread in the area of ​​150 points

Stable trend for the spread between BTp and Bund, which stood at 151 basis points. The yield differential between the ten-year benchmark BTp (Isin IT0005436693) and the same German maturity therefore marks the same level as the previous closing. The yield of the ten-year Italian benchmark is 1.91%, also unchanged from the last position on the eve.

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