Thursday , December 3 2020

Spread 335 points, then fall. Btp Italia still in slow motion –

MILANO – 3.15 Spread across German Btp and BundIt dropped to 326 points in the afternoon, reaching 335bps in the morning, but on Monday it expanded slightly compared to the closure and amounted to an increase of 3.6% in Italy's secondary market.

Manovra, Di Maio, against the EU: "We are moving from Brussels through the rubber wall in a compact way"

The Treasury did not receive a good indication from the first day of the proposal. Btp ItalyWith low-level orders not seen since 2012. Today, on the second day dedicated to the offer for small savings, things don't go well: in the middle of the day – after 481 million home – apps are only registered at 170 million. On the first day of the title sold last May, 2 billion requests were exceeded to make a comparison. Thursday will be the time to institutionalize, but everything goes well. Decision of the EU Commission – The Italian Budget Law is expected tomorrow, which will be rejected by the expectations and could still make the relationship between Rome and the markets difficult. "Obviously, I'm concerned about the spread," said Triana, "frankly," said Luigi Di Maio, "tensions will drop after the EU commission makes its decisions."

The eruption of the efficiency difference between Italy and Germany echoed the surge in the spread, along with a wave of sales and the securities of the bank suspended in excess. Ftse mib He then recovered in the afternoon to return only to worsening: lost 1.4%. Other European stock exchanges are also red following the general weakness of the US technology industry's trend. London 0.69%, Frankfurt 1.68% Paris 1.3%. The Enel business plan in Ftse Mib aims to invest 27.5 billion (12%) in renewable energy sources during 2019-2021. Securities in the credit sector remain in a difficult position despite the recovery from low levels.

This morning Tokyo Stock Exchange it was closed not only by the technical decline, but also by the collapse of Nissan and Mitsubishi shares following the arrest of the president of the automobile alliance, Renault, which extended to Carlos Ghosn. Nissan shares are 5.45-950.7% yen; Mitsubishi Motors, lost 6.84% to 680 yen. At the end of the trade, Nikkei fell 1.09% and the broader Topix index fell 0.73%.

Last night session Wall Street has ended with a sharp decline. A mix of sales led to increased trade tensions between the US and China. Microprocessor manufacturers are among the victims of clashes between Washington and Beijing, the new negative indicators for Apple's demand for iPhone and various scandals that hit Facebook (-5.7%) in the technology industry (in recent years) It backed US equities and sold 3.8% yesterday, leading to regulations. The two-year decline in the index, which measures the confidence of builders in the US, has reawakened the fear of the slowdown in the economy to keep the New York Fed Chairman in solid form. At the end of the session, Google's holding company, the Alphabet (-3.8%), joined Facebook, Amazon (-5.1%) and Netflix (-5.5%) for the first time in seven years. at the end of the "bear" region defined by a decrease of at least 20% from the last peak. Apple (-4%), with a 19.9% ​​loss since the beginning of October, ended with a breath. In the end, Dow Jones lost 1.56%, S & P 500 1.66% and Nasdaq 3%.

Italy to the violation procedure: here with the EU the arm wrestling stages

For stable openingeuro $ 1,145 in early transactions. The pound also follows 1.283 (-0.1%) following developments in Brexit. In Asia, the yen is strengthening against the dollar at 112.5. In the US today, data on new construction sites took place, while the unemployment rate in France remained unchanged at 9.1% in the third quarter, while producer prices increased by 0.3% in October. expectations.

After a five-day race in the markets and at Brexit,gold. The metal delivered immediately drops from 0.2% to $ 1221 per ounce. Always between raw material prices oil During the next OPEC meeting, they shifted Asian markets down due to increased production concerns. In January, WTI lowered its 7 cents to $ 57.13 as its reference contract for the first time with delivery. Brent gives $ 66.61 for 18 cents.

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