European stock exchanges open down while waiting for the ECB
Declining opening for the main Stock Exchanges European Union pending the ECB directive of tomorrow who will have to decide a new increase in interest rates. The alarm over the Silicon Valley Bank crash has ended (for now), yesterday the stock market returned abundantly positive, negative start to the day in Piazza Affari. After the first trades, the Ftse Mib index dropped 0.47% to 26,674 points.
In Frankfurt the Dax dropped 0.30% to 15,187.45 points, in London the FTSE 100 dropped 0.35% to 7,610.50 points and in Paris the Cac 40 dropped 0.42% to 7,111.68 points . In Madrid, the Ibex-35 lost 0.49% to 9,113.74 points and the Ftse Mib of Milan scored -0.30%.
BTp: spread drops to 183 points at the start, ten-year yield rises to 4.32%
Start of decline for the spread between BTp and Bund in a context of a general increase in the yields of government bonds in the Eurozone. Initially, BTPs do better than their German counterparts and this leads to a narrowing of the yield differential between the 10-year benchmark BTP (Isin IT0005518128) and the Bund, which stands at 183 basis points from the 185 points of the previous benchmark. On the other hand, the yield of the 10-year benchmark BTP rose, worth 4.32% at the start from 4.30% of yesterday’s last reference.
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