Bags today March 31 | Milan in the red (-0.28%), the bankers are slowing down
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Piazza Affari slips into negative ground held back by bank stocks. After a slow start, the Ftse Mib lost 0.28%, when the main continental lists move on the edge of parity. In Milan, the main segment is mainly weighed down by Bper -1.88%, Banco Bpm -1.78% and Mps -1.53%, while Diasorin -1.4% and Iveco Group -1.1% are also weak . As for the other banks, Unicredit dropped by 1.13%, Intesa Sanpaolo by 0.6% and Mediobanca by 0.3%. Yields unchanged at the opening for government bonds with the 10-year BTP stopped at 4.21%. The spread on the Bund stands at 185 basis points (here the real-time spread).
European stock exchanges
A cautious upward start for the European stock exchanges, awaiting the European inflation data in mid-morning. In Paris, the Cac 40 index started trading up 0.11% to 7,271 points, in London, the FTSE 100 rose by 0.09% to 7,627 points, while in Frankfurt, the Dax advanced by 0.3% to 15,568 points, with investors appearing to have put most of their banking-related fears behind them. (Here all the indices in real time).
Asian bags
Positive session for the Asian Stock Exchanges which follow Wall Street while the optimism of investors avoids both the risks linked to the turbulence in the banking system and the context of high interest rates. The first quarter of the year thus starts to close with a positive balance for the stock lists, with the Msci World index up 6% since January. Tokyo finished up 0.9%, Sydney up 0.8%, Seoul up 1%, Hong Kong up 0.8%, Shenzhen up 0.8% and Shanghai up 0.4%. The good mood of investors, who expect a slowdown in inflation from the data arriving in the morning from France, Italy and the Eurozone, was fueled by the Chinese manufacturing PMI, which, although down to 51.9 from 52.6 in February, turned out to be better than expected and signals the continuation of the expansion phase of the economy. Futures on Wall Street are slightly positive, while futures on Europe are little moved. Calm both for government bonds, with the yield on 10-year Treasuries stuck at 3.5% after a tumultuous period, and for commodities, with oil dropping a couple of decimals and seeing the WTI trading at $74.25 per barrel and Brent at 79.03 dollars.
Gold stable on Asian markets at 1,982 dollars an ounce. The spot price recorded a minimum variation of +0.07%.
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