country flagالعربية

European stocks open steady and wait for the brexit and the decline of Italian bonds

2018-10-10 09:29 am | Resource: News | No Views : 232


European stock markets started trading flat on Wednesday as investors continued to focus on the continuing confrontation between Italy and the EU over the country's 2019 budget. Italian Parliament speaker Robert Fico urged calm in the negotiations, while Deputy Prime Minister Matteo Salveni said the government would not give up Brussels demands.

Meanwhile, after a report on the expected Brexit deal was announced next week, the British Union's Minister of Finance expressed confidence that London would reach an agreement with Brussels on withdrawal from the bloc "this fall." Earlier in the day, it was reported that about 30 Labor MPs were ready to challenge their leader, Jeremy Corbin, and support Prime Minister Teresa Mae's plan in the Chekers' plan for the Brikst.

Italian debt bonds fell with budget turmoil

The government's sovereign bond prices in Rome fell sharply on Wednesday, prompting higher yields ahead of the start of trading in Milan. Volatility continued to follow the decline in the previous session after it identified multi-year targets. For comparison, German debt showed a mixed bag standard, but with a strong advance at the end of a long period of yield curve.

In the midst of a dispute with the European Union over the Italian budget, Roberto Fico, speaker of the House of Representatives, called for calm in the negotiations on spending at the national level. Investors are listening to signals from both sides to determine whether a compromise will be reached at the moment and if the eurozone is considering another crisis. The euro has changed slightly.
The two-year bond yield rose 8.3 basis points to 1.502% at 8:48 CET. The 10-year benchmark rose seven points to 3.58% and the 30-year bond index added 5.2 points, shedding 3.998%.

European stocks open
  • The FTSE 100 was down 0.11% at the opening bell, with the worst-performing Royal Mile falling early.
  • The DAX index opened 0.04% in negative territory.
  • While the CAC 40 index also fell 0.04%.
  • Meanwhile, the FTSE MIB index fell 0.56% in the first minutes of trading, affected by the banking sector.

The euro rose 0.10% against the dollar to trade at 1.1503 at 9:06 CET, while the pound gained 0.28% against the greenback to trade at 1.3180 at the same time.

Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.