MILANO – 9.15 am. The world stock exchanges recovered ground after yesterday’s shock linked to the default of the Archegos hedge fund. This morning the European indices are all pointing upwards: Milano salt by 0.5%, London 0.62%, Frankfurt grows by 0.59% e Paris 0.46%.
In Asia, the lists moved positively, with Tokyo concluding trades at + 0.16%, with the shares of the Japanese bank Nomura, heavily exposed to the collapse of the US fund, which closed at -0.56% after the historic -16.3% achieved yesterday. Mixed closing yesterday for the a Wall Street, with the Dow Jones up 0.3%, the Nasdaq down 0.6% and the S & P500 down 0.08%.
The collapse of the Archegos fund makes the big banks shake
by Andrea Greco
L’euro opens below $ 1.18, approaching while the rise in US yields does not stop, up to 1.76%, at a 14-month high in the wake of expectations of a sharp rise in inflation linked to a restart of the economy more robust than expected. The European currency changes hands at 1.1764 dollars and 129.36 yen while the dollar dollar / yen exchange rate is at 109.95.
In slight descent it spread. The BTP / Bund spread starts at 96 points with the ten-year bond yield at 0.67%. During the day, the Treasury is offering 5- and 10-year btp and ccteu for a total amount between 7 and 8.5 billion.
Among commodities, the Petroleum, protagonist of a day on the swing yesterday at the unblocking of the Suez canal. The WTI for delivery in May is trading at $ 61.27, equal to -0.47%. Brent also dropped, down to $ 64.64 per barrel (-0.52%).