Pessimism with regard to the US-China agreement, stock market decline. The spread is increasing again – Repubblica.it



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MILAN – 10:25 Italy remains the special observer of the market. Even today, the spread is starting to increase and is approaching 290 points with the yield on our 10-year bond at 2.7%. In the background, tensions on the Rome-Brussels axis appear, with the Minister of the Interior, Salvini, thanks to the electoral success of the European vote, which reiterated its intention not to respect the European constraints in public accounts, also announcing that of the apartment. the tax would be ready a plan of thirty billion.

At the same time, the European Commission is preparing to send a letter asking Italy to clarify the non-fulfillment of debt reduction targets, which should pave the way for a correction request " in progress ", then in case of inaction. of our country, even to possible sanctions. However, this last scenario, which the outgoing economic commissioner Pierre Moscovici himself declared not to prefer. With regard to the differential increases, the Vice President of the European Central Bank, Luis De Guindos, also intervened, according to which the case of our country, with a magnitude that increases or decreases according to the conflict between the l 39 Italy and the European institutions, shows that it is important to follow the rules. De Guindos noted that every time the tensions between Rome and Brussels increase, "the gaps increase". Regarding the letter, the Minister of Economy Tria explained that the letter had not arrived yet.

In the rest of Europe, the day yesterday on Wall Street was marked by a negative sign, fueled by pessimism over trade negotiations between the United States and China. In Milan, a technical problem slows the start, then the Ftse Mib sells for 1.1%. Contrary to the list, Mediaset stands out after the purchase of 9.6% of ProSiebenSat. In the rest of Europe, London lost 1.03%, Frankfurt 1.18% and Paris 1.44%. Nervosisimo, which is still felt in Asia this morning, where Tokyo closed down 1.21%.

On the foreign exchange market, the euro is rather stable and changes hands at $ 1.1165, near 1.1168 last night after the closing of Wall Street) and at 121.97 yen.

Among the macroeconomic data, in Germany, the unemployment rate in May remained stable at 4.9%, in France the preliminary estimate of growth of 0.3% in the first quarter. In Italy, Istat recorded an improvement in business and consumer confidence in May.

Finally, oil is also stable at $ 58.61 per barrel of WTI, while Brent yields 0.44% to $ 69.67. Gold has risen slightly to $ 1,287 an ounce.

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