The Stock Exchange today, August 18th. EU lists in recovery, gold revises 2 thousand dollars

MILANO – 2.45 pm. European equities rose from opening levels, moving into positive ground in the wake of positive futures on Wall Street, which continues to flirt with historical records, despite global uncertainty points remaining high. Starting with the situation of Coronavirus infections, but also with regard to the US-China trade dispute which has seen a new chapter open with the tightening of the sanctions by Donald Trump against Huawei. In all this, the price oforo: thanks to the downward movement of the dollar, the precious metal revises the threshold of 2 thousand dollars per ounce, with an appreciation of around 0.7% in the morning. Negative relationship with the greenback confirmed also for Treasuries, which are in progress.

The lists of the Old Continent start weak, then improve: London back on parity in the afternoon, Frankfurt earns 0.4% e Paris adds 0.2%. Also Milano manages to raise his head and reaches +0.5 percent.

Closing down in the morning for the Japanese stock exchange. TO Tokyo the Nikkei 225 lost 0.2% to 23,051 points, also paying for the uncertainty linked to the failure to share the stimulus package for the US economy between Democrats and Republicans.

With the macroeconomic agenda flat, the euro is once again strengthening close to the two-year highs reached at the beginning of the month: the single currency changes hands at 1.1909 greenbacks. The dollar index, which measures the strength of the world’s largest currency against a basket of currencies, has been at its lowest in a couple of years. Start-up of smooth trading on the electronic government bond markets: spread between the 10-year Italian BTP and the corresponding German Bund at the opening it is 138 basis points, on the same level as yesterday’s closing. The yield of the ‘made in Italy’ bond is 0.922%.

Among the few data to report, the backlash of Covid on the German occupation stands out. In the second quarter of 2020, approximately 44.7 million people were employed in Germany. According to provisional calculations by the Federal Statistical Office Destatis, the number of people employed fell by 618,000, or 1.4%, in seasonally adjusted terms compared to the first quarter of 2020. This was the largest decline since the reunification.

The prices of the Petroleum, despite OPEC + saying that producing countries have almost completed their price cuts program. Both Brent and WTI are down: the first, in particular, leaves 0.22% on the ground at 45.27 dollars, while the second falls by 0.35% to 42.74 dollars a barrel.

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