Stock exchanges of today 16 February 2021: European and world price lists trend

MILANO – 3:50 pm. The European stock exchanges reverse the course towards mid-session after the purchases recorded in the yesterday, when they were supported by the optimism for the progress made with the vaccination plans by the countries and waiting for the maxi aid plan wanted by the new US president Joe Biden to support the US economy.

The European indices move in slightly positive ground but slow down after the first few bars: Milano marks a drop of 0.54% as the session draws to a close, London slips by 0.22%, Frankfurt 0.22% e Paris it is negative by 0.16%.

Different mood a Wall Street, where the indices hit new records after Monday’s close for Presidents Day. The Dow Jones is up 0.35%, the S & P500 adds half a percentage point and the Nasdaq is 0.4%. The Asian lists had already moved on a more decisive trend, with Tokyo which closed at + 1.28%, a new 30-year high. Hong Kong, which reopened after a long weekend, gained 1.86% while Shanghai remained closed for the New Year holidays. As Bloomberg notes, thanks to the support from the US and the East, global equities are projected towards the 12th positive session in a row: best streak in 17 years now.

It was above all the securities of the sector that ran yesterday oil, driven by the rise in crude oil prices, with the WTI now stable above 60 dollars and the Brent at 63.20 after hitting its highs since January 2020. The cold wave that led to an increase in consumption energy and forced to close many refineries in Texas and the renewed tensions between Saudi Arabia and Yemen.

On the Italian side it spread special attention remains with the first tensions felt within the new Draghi government, already struggling with the puzzle of reopening. The differential stabilizes in the 90-point area despite the slight rise in the ten-year yield which reaches 0.534% after hitting a lows last week at 0.426 per cent: the upward movement in yields is common to government bonds in this phase market. Meanwhile, the Treasury tries to grasp the positive effect on BTPs given by the arrival of the former governor at Palazzo Chigi, with issuing a BTP at 10 years and one at 30 years linked to inflation. the syndicated placement is proceeding swiftly and before lunchtime orders already exceeded 134 billion euros, of which 110 billion for the ten-year maturity, allowing for an initial thinning of yield indications.

The Bitcoin gets talked about again: it rose above $ 50,000 to a new record, continuing a rally fueled by signals that the world’s largest cryptocurrency is gaining trust among traditional investors. It has risen about 72% so far this year.

Less roller coaster instead in the world of traditional currencies, with theeuro which rises to 1.2138 dollars and 128.09 yen and the US currency retreated slightly in the wake of the optimism on vaccines that pushes investors towards riskier assets and higher yields.

Among the macroeconomic data, Istat reports the heavy final balance for Italian exports of 2020: “Despite the rapid recovery, after the collapse of March and April, 2020 closes with an overall contraction in exports of 9.7% (the worst result since the fall recorded in 2009)”. Good reading ofindice Ext on the confidence of German companies, with a result of 71.2 points in February which exceeds expectations.

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