There Milan Stock Exchange opens positively after the weekend break, arriving at this moment at +0.43% at 34,008 points. Good performances for the other European stock exchanges, all in positive territory.
The spread between Italian and German ten-year government bonds reaches up to 137 basis pointsslightly up after the 135 points recorded at the close last Friday.
Milan positive thanks to StM, Eni and Leonardo
Last week was overall positive for European stock markets, today Piazza Affari opened with +0.47%.
In Milan, the hi-tech giant is currently ahead of everyone Stmicroelectronicswhich recorded an increase of 2.00%, while Eni saw an increase of 1.28%.
Claudio Descalzi’s company had a positive start after Rbc analysts upgraded their recommendation to “Outperform” from “Sector Perform,” setting a target price of 18 euros per share. Eni is currently listed at 14.66 eurosbut the day is expected to continue on a positive note.
Leonardo grew by 1.09%, and Tenaris of 0.96%. Banks also did well; Unicredit And Nexi both increased their value by 0.95%, while Bper Bank marked an increase of 0.92%. Hera of 0.81%, and Bpm Bank And Prysmian each recorded an increase of 0.78%.
Down for now Diasorinwhich recorded a decrease of 1.24%, while Campari is down 1.17%. Two fashion giants are down; Moncler sees a reduction of 0.74%, followed by Brunello Cucinelli at -0.52%. Recordati Orderan Italian multinational pharmaceutical company, lost 0.29% and Pirelli recorded a slight decrease of 0.14%.
European stocks in positive territory but caution prevails
European stocks are starting the week on a positive note, with investors cautious ahead of the two-day meeting of the FOMC, the operational arm of the Federal Reserve, which begins tomorrow. In addition, the Bank of Japan (BoJ) and the Bank of England (BoE) will also have their governing meetings this week.
The main European stock markets started the week with a positive trend. A Paristhe index rose by 0.4%, reaching 7,547 points. At Londonthe index gained 0.68%, settling at 8,342 points, while at Frankfurt recorded an increase of 0.68%, reaching 18,542 points. Also Madrid saw growth, with an increase of 0.32%, reaching 11,202 points.
There Tokyo Stock Exchange recorded a significant rebound after eight consecutive sessions of losses. The Nikkei index, which had fallen 6% during the week, recovered 2.13% to 38,468.63 points. The broader Topix index gained 2.23% to 2,759.67 points. In contrast, Chinese stocks started the session in negative territory despite positive profit data from large industrial companies, which beat expectations. The Shanghai Composite Index opened with a loss of 0.22% to settle at 2,884.48 points, while the Shenzhen Index lost 0.31% to 1,564.65 points.
Bitcoin is also on the rise, reaching almost 70 thousand dollars, boosted by the statements made two days ago by former US President Donald Trump.
Spread at 138 points
The opening for the spread between BTPs and Bunds was little changed. At the start of the session, the yield spread between the benchmark 10-year BTP and the German Bund of the same duration stood at 138 basis points, down one point from Friday’s close. The yield on the benchmark 10-year BTP fell from 3.76% at the previous close to 3.74%.
