Bags today May 30 | Cautious Europe, eyes on Wall Street after debt deal

Bags today May 30 |  Cautious Europe, eyes on Wall Street after debt deal

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A cautious start to the session for the European stock exchanges, which await the reopening of Wall Street to observe the reaction of the American market to the debt agreement, which must be approved by Congress by June 5 to avoid default. In fact, it is not excluded that the right wing of the Republican party, close to former president Donald Trump, rebels. There is also expectation for inflation data in European countries and in the Eurozone, US consumer confidence in the afternoon. Positive signals come from Spain where consumer prices slow down in May.

European stock exchanges and spreads

At the opening, the Cac 40 index of Paris dropped by 0.60% to 7,260.28 points, the Dax 30 of Frankfurt recorded a +0.05% to 5,960.85 points and the FTSE 100 of London lost 0.32 % to 7,602.60 points. In Piazza Affari, the Ftse Mib index reversed its trend after a declining opening and recorded +0.24% to 26,676 points. (here the trend of the price lists). The spread between the BTP and the Bund was stable at the start of the day, at a level of 184 points in line with the closing figure of the previous day (here the spread in real time). The 10-year yield of 4.268%, down slightly from the previous 4.28%.

Business Square

The Ftse Mib index has reversed its trend and is now up 0.24% at 26,676 points. Monte Paschi accelerates with +2.3%, Tim also does well (+1%), Stm (+0.9%), Prysmian recovers. The banks recover, with Intesa and Unicredit on par, Leonardo sells 1.1%.

Asian bags

Closing up for the Tokyo Stock Exchange, with the Nikkei index gaining 0.30% to 31,328.16 points at the end of the session. The figure has a positive influence on the fall in unemployment in April, estimated by the Japanese Interior Minister at 2.6%, down on the 2.8% of the previous month and below the forecasts of analysts, who estimated a rate of 2 .7%. The Chinese Stock Exchanges also closed the session in positive territory: the Shanghai Composite index rose by 0.09%, to 3,224.21 points, while that of Shenzhen gained 0.49%, reaching 2,011.99. Hong Kong closed higher as well. The Hang Seng index gained 0.2% to 18595.78 points.

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