The ten-year BTP yield is still falling. The Italian 10-year rate loses twenty basis points and falls below 3% (2.96%). The spread between the BTP and the Bund drops to 196 points.
The differential between the BTP and the Bund yesterday closed at 205.5 points. He had surpassed 200 points since May 6.
Bitcoin still falling. The cryptocurrency lost 3.1% to $ 29,992, dropping below $ 30,000 for the first time since July 2021. Bitcoin has lost more than 55% since its peak last November.
The European stock exchanges continue bright after the start of a sharp rise on Wall Street. On the day when government bond yields fell sharply, profit-taking took place on the equity markets after the sharp drop on the eve of the day. The trend of the global economy remains in the spotlight, with inflation remaining very high and central banks studying the next steps. The war in Ukraine and the impact of sanctions on Russia are also holding their ground. The stoxx 600 area index gains 1.6%. On the rise Frankfurt (+ 2.2%), Milan (+ 1.8%), Paris (+ 1.7%), Madrid and London (+ 1.1%). The lists are supported by the performance of banks and insurance companies (+ 2.1%), information technology and cars (+ 1.9%). Utilities also performed well (+ 1.2%), with the price of gas falling. In Amsterdam the price has dropped to 91 euros per MWh. The performance of the energy sector was positive but less brilliant (+ 0.5%), with oil falling slightly. The WTI stands at 102 dollars a barrel and the Brent at 105 dollars. On the currency front, the euro against the dollar is barely moved at 1.0547 in London. In Piazza Affari, the banks with Bper (+ 10%), after the accounts of the quarter, and Unicredit (+ 6.5%) were highlighted. Intesa (+ 3.8%) and Banco Bpm (+ 3%) also did well. In contrast to the Saipem (-4%) and Leonardo (-2.9%) price lists.
Further drop for gas on the square in Amsterdam. Futures contracts as of June 2022 yield 1.9% to 92 euros per MWh. A price very close to the 87.58 euros of last February 23 and which marks the minimum after the 91.23 euros of last February 25, the day after the start of the attack by Russia in Ukraine, when gas jumped to 129.92 euro per MWh. Since then, natural gas prices have reached a low of 93 euros on 25 April.
The festivities for the victory of the Second World War in Russia continue today, with the consequent closure of the Moscow Stock Exchange. The ruble rose to 69.51 against the dollar, while it appears stable against the euro, with an exchange rate of 73.38 against the single currency.
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