MILANO – The European stock exchanges closed down, driven by the new rise in the yields Treasury, at its highest for over a year (it reached 1.75% at the top since January 2020). The Fed’s decision not to renew the capital requirements training reserved for large banks, a measure announced a year ago in support of the sector to mitigate the effects of the pandemic, also pushes up the rates on American bonds.
In the Old Continent Milano closed at -0.66%. At Piazza Affari you look at the Post Office floor while Enel is the best around after the accounts presented yesterday. Heavy Tim with the plan for the only network that comes back into question. Line up the others: London cede l’1,08%, Frankfurt moves back by 0.97% e Paris dell’1,07%.
The increase in infections in Europe is bothering the markets, especially after the announcement of a new month of lockdown in Paris due to delays in vaccinations. However, Ema’s ok to AstraZeneca should give a positive change to inoculations in European countries. It is the fear of a rise in inflation, fueled by the speed of the recovery, that drives bond yields in the US, negatively affecting the equity markets. Wall Street proceeds mixed with the close of trading in Europe: the Dow Jones drops 0.5% and the Nasdaq rises 0.8%.
Central banks remain protagonists: after the Fed and the Bank of England, today is the turn of the Bank of Japan, which left interest rates at a standstill, as expected, but recalibrated its rate targets and asset purchases with slight adjustments in the name of flexibility.
The Tokyo Stock Exchange however, it was affected by the decisions of the BoJ with the Nikkei closing with a sustained decline in the last session of the week, after the Central Bank’s indication to channel purchases of investment funds (ETFs) on the Topix index: -1.4 % for the Nikkei while the Topix, benefiting from the move by the Central Bank, has adjusted its highs for 30 years to + 0.18%.
It spread between ten-year BTPs and German counterparts closes slightly up to 96 from 95 points at yesterday’s close. The yield on Italian bonds fell to 0.67% from the 0.69% recorded yesterday.
Among the commodities, the price of the Petroleum reverses course in the afternoon. At Nymex, after a weak start, the WTI is now gaining 0.88% at $ 60.53 a barrel.
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