Stocks up after Fed caution on rates, slightly lower spreads – Repubblica.it

Yesterday's tensions were revived on the eve of the opening of the G20 in Buenos Aires, an appointment expected especially for the face-to-face meeting between Trump and Chinese leader Xi Jinping. The objective of the investors is that the negotiations can promote mutual resistance, perhaps pushing the US government to postpone the entry into force in January of the new commercial tariffs against Beijing. Rumors came today from Trump that the United States would be "very close to an agreement with China".

Yesterday, however, the Fed also spoke of Italy, defining the confrontation of accounts between Rome and Brussels as a "risk factor". Today, the spread has had a new day of truce and has fallen slightly to 288 points, the yield of the 10th Italian being 3.19%.

There was a day of waiting for the Btp auction at 5 and 10 years scheduled this morning. A test after the disappointing data of the placement of Btp Italy last week. The five-year bond rate, sold for $ 2 billion, went from 2.58% to 2.35%, while the 10-year construction market, sold at $ 2.250 billion, went from 3.36% to 3.24%. Demand for 5-year bonds declined 1.34 times from 1.48 years earlier and 10-year bonds down 1.41 to 1.49. In its report on financial stability, the ECB found that "the observed losses in the market
The financial situation of Italy over the last six months, marked by political uncertainties, has not spread significantly to other countries in the euro area ".

Rich menu of macroeconomic data. It should be noted the slowdown in the turnover of services in Italy, while in Germany, the unemployment rate reaches a new minimum of 5%.

Reverse course slightly oil. WTI crude oil contracts report a 26-cent dollar at $ 51.55 per barrel. Brent rises 88 cents to 59.64 dollars. It's risinggold: the bullion is trading at 1226 dollars an ounce.

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