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by Marzio Quaglino
The political compromise in Germany that avoided the crisis of the government of Angela Merkel has caused a stir in the stock markets. European markets rallied after yesterday's losses, despite an uncertain opening of Wall Street in a semi-festive climate. In the end, Milan was the best with the FTSE MIB index at + 1.57%. Frankfurt has also improved (+ 0.91%), growth in London (+ 0.60%) and Paris (+ 0.76%) was more modest.
In the government bond market, the morning spread short duration short
The gap with the German bunds closed yesterday at 235 basis points with the yield on the BTP during 10 years at 2.65%
Among the currencies, the euro back to dollar with the exchange rate at 1.1653.
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