Stock exchanges, weak Europe, Piazza Affari the worst: today's updates
Weak stock exchanges today and a slight rise for the spread between Btp and Bund, at 187 points against the closing of 185 on Thursday. Piazza Affari is increasingly black in Europe, with all negative price lists. The Ftse Mib leaves 0.8% on the ground, resisting, however, at 26 thousand points. Piazza Affari is kept under pressure by sales on banks with Mps (-2.9%), Banco Bpm (-2.75%) further behind than others. Bper loses 2.15%, Unicredit and Intesa Sanpaolo 2.13%. Also bad, among the insurance companies, Generali (-2.5%). Still under the scrutiny Tim who loses 1.8% waiting for news on the network. StM resists (+0.7%). The spread between Btp and Bund fluctuates: the differential is back close to 189 points. The yield on the Italian 10-year bond moves slightly and is at 4.39%. But the data on treasury bills stands out, at the top since 2011. Rates of return, in fact, have never been so high for 12 years.
Worry about US debt
The knot on the US debt ceiling remains on the lists, waiting for a breakthrough. But we are also looking at central banks and future moves. Meanwhile, among the macro data emerges the rise above the estimates of retail sales in April in the UK while in Italy the climate of confidence worsens. What happens, however, on the other squares? Frankfurt lost 0.3%, London 0.13% and Paris 0.19%. At the sectoral level, it is mainly financials that suffer. Commodities are still weak with the price of gas remaining above 25 euros per megawatt hour (-0.2%). For oil, the wti reaches 72 dollars a barrel (+0.22%). Brent is above 76 dollars (+0.08%). In terms of exchange rates, the euro moved little at 1.0735 dollars (the 10-year yield also increased to 4.41%, against the previous 4.35%).
The jump in the return of bots
Strongly rising yields were recorded today for the first tranche of the six-monthly BoTs, expiring on 30-11-2023. The Treasury has allocated 183-day BoTs for 6 billion, against demand for 8.67 billion, for a coverage ratio of 1.45. The yield on semi-annual Treasury bonds jumped 20 basis points to 3.528 per cent, the highest since December 2011.