MILANO – 9:45 am. The equity markets are trying to put the fear of contagions and new lockdowns behind them, which characterized the last session of last week following the news of the Austrian lockdow. European lists open cautiously: Milano rises by 0.1% after the first few bars, London adds 0.4%, Paris 0.35% e Frankfurt salt by 0.25%. The indications for the reopening of the American stock exchanges are also positive.
At Piazza Affari the attention converges all on Tim, which rises after the move by the Kkr fund which proposes to launch a takeover bid to take over the entire Tlc company. According to the secretary of the CGIL, Maurizio Landini, “in a strategic sector such as that of telecommunications, the Italian state cannot simply suffer the logic of the market”.
Mixed session for the Asian stock exchanges this morning. Tokyo closed 0.09% higher, reversing initial losses. The Stock Exchange of Hong Kong closed at a loss as investors fear the spike in Covid cases in Europe which forced some governments to reintroduce containment measures. The Hang Seng Index fell 0.39%, or 98.63 points, to 24,951.34 points. Instead the index Shanghai Composite was up 0.61%, or 21.71 points, to 3,5582.08, while the Shenzhen Composite Index gained 1.42%, or 35.31 points, to 2,525.58 points. In Seoul, the Kospi index rose by 1.42%.
As a note Bloomberg, on the US government bond market we have seen a flattening of the curve: the difference between five-year and thirty-year yields is at its lowest since the start of the pandemic. Risk aversion has increased with the containment moves in the Old Continent and then there is the possibility that the Fed will accelerate the withdrawal from the bond purchase program to combat too high inflation. Meanwhile, the weakness ofeuro, which discounts the prospect of a more accommodative ECB than its American counterpart: the single currency moves to 1.1266 against the dollar since the close of 1.1289. The spread between ten-year BTPs and German Bund counterparts, it opens steadily at 120.4 points. The yield of the Italian stock falls to 0.853%.
Among the commodities, the futures on Petroleum fell on Asian markets, due to concerns about oversupply, after the worsening of the pandemic in Europe, with new restrictions starting from those decided by Austria, and after Japan signaled that it was ready to release reserves to lower prices. The Japanese country therefore joins China and the United States among the giants who are ready to do everything to avoid the high barrel. Thus, Brent crude and US crude fell to a seven-week low, after plunging about 3% on Friday. At the moment the WTI drops 0.20% to 75.79 dollars a barrel and Brent loses 0.41% to 78.57%. Quotations oforo finally, a slight decline on the Asian markets: the ingot with immediate delivery fell 0.14% and changed hands at 1,843 dollars an ounce.