European stock exchanges towards a positive start. Well Tokyo, tensions in Hong Kong

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Positive futures in the Old Continent. Tokyo on the rise, tensions in Hong Kong. Today in Germany, Ifo index and GDP detail. Wall Street closed for holidays

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(AFP)

Positive futures in the Old Continent. Tokyo on the rise, tensions in Hong Kong. Today in Germany, Ifo index and GDP detail. Wall Street closed for holidays

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An upward start is looming for European stock markets, on a day still conditioned by the succession of news about the spread of the coronavirus epidemic, but during which the usual “guide” of Wall Street, closed for holidays, will be missing. About an hour from the start, futures on the main indices of the Old Continent show progress of a few tenths. Tokyo is starting to close by more than 1%, while Hong K0ng proceeds weak, down 0.5% also conditioned by the new protests against the national security law under consideration by the National Congress of the Chinese People.

Asian markets suffered economic and political tensions on Friday. Investors fear a new tariff war: American President Donald Trump has accused Beijing of not respecting the commercial agreements already taken, which also concern the simplest part of the agreement. Trump also threatened to retaliate against the China-announced squeeze on Hong Kong to contain the island’s autonomist claims.

In addition, the climate on the parterre was marred by concerns about a deeper crisis than that incorporated by equity valuations, given that the Chinese government did not want to provide the GDP 2020 estimate because of uncertainty. The unknown factors weighed on the share price Petroleum , which fell in view of a reduction in demand (China is among the world’s largest crude oil consumers).

Business Square instead, it restarts from Friday’s recovery against the other European price lists, thanks to the rebound of the banks. Credit institutions benefited from the coatings to compensate the price paid with the restoration of short selling and the fall in the spread. The reaction of the market to UniCredit’s decision to intervene in the procedure launched by the Antitrust on the attempt to acquire Ubi by Intesa will also be assessed.

The most concrete perspectives of a Recovery Fund of the European Union that helps weak economies through debt mutualisation has provided a rosy scenario for the financial activities of the peripheral countries of the Eurozone, BTp primarily, galvanized also by the successful placement of BTp Italia last week, which ended with the ten-year spread against the Bund at 208 basis points.



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