Spread Btp-Bund stable below psychological threshold of 300 points – Economy

Major European stock markets look cautious after an ascending start. Paris and London (+ 0.15% each) hold unlike Frankfurt (+ 0.03%) and Milan -0.04%), while Madrid (+ 0.67%) has more ideas. The decline in consumer confidence in Germany, as measured by the Gfk Institute, weighs on European price lists, while US futures, given a long series of data, including quarterly GDP, continue to increase. The opening of White House economic adviser Larry Kudlow, confident in an agreement between the United States and China, only partially mitigates tensions on car stocks. Ferrari (-1.26%) remains weak, unlike Bmw (+ 0.3%). The BTP / Bund spread fell to 293 points it favors banks Banco Bpm (+ 2.8%) and Bper (-2%), while German Commerzbank (-0.69%) and French Crédit Agricole (-0.54%). Under pressure, Tenaris (-6.48%), whose chairman and CEO, Paolo Rocca, is under investigation in Argentina for corruption.