Portfolios October 20 | Europe rises, the recovery of the banks leads Milan (+1.5%) |

Confidence returns to European stock markets, with Milan's Fitzmeb leading banks, ending 1.52%

Btp Valore, from today you can buy: coupons, duration (and final premium), because it is convenient for families

Pieremilio Gadda

Confidence returns to European stock markets, with Milan's Ftse Mib ending 1.52%, led by banks

Confidence returning to European stock markets, Ftse Mib ended up 1.52% in Milan, led by banks.In fact, the shares of credit institutions are recovering after a big fall last Friday in response to the strategy launched by the government, which foresees a contribution of 4.4 billion euros from banks and insurance companies.However, the Paris CAC remains behind: the French stock market ends at +0.4%, under pressure from BNP Paribas, which is falling 7.7% after a New York court recognized the institution as an accomplice to violence in Sudan.Therefore, it seems that markets have put behind fears related to bad loans of US regional banks and trade tensions between the US and China.According to the Wall Street Journal, US President Donald Trump has exempted dozens of products from retaliatory tariffs in recent weeks, and the administration is considering exempting hundreds more.That was followed by comments from White House chief economic adviser Kevin Hassett, who said he was optimistic the shutdown would end "within this week."(Here is the real-time price list).

The spread between BTP and Bunds narrowed slightly.At the end of the session, the yield spread between the benchmark 10-year BTP and the German Bund for the same period was 79 basis points, one point lower than the previous day's close.The yield of the 10-year BTP index also fell slightly and ended the session at 3.37% from 3.38% the previous day.referenceAlso today on October 20 is Btp Valore, a seven-year high coupon bond (from 2.6% to 4%) that pays a loyalty premium of 0.8% to those who invest until maturity (2032).Primarily reserved for private investors, it will be available until October 24.Unless it closes sooner.It raised 5.4 billion euros on its first day of placement.

By Pieremilio Gada

So Banks for the advertisement of the Milan Milan Milan.The credit rates are up to their heads, with BPper (+ 3.3%) and Polorely (between his last weekend.

On the foreign exchange market, the Euro / Dollar Retilized at 1.662 (from 1.166 on Friday).The same currencies cost 175.54 Yen (from 175.29), while the dollar / Yen ratio was at 150.51 (from 150.30).Oil fell in price: Brent - $ 60.68 per shilling (-1%), WTI - $ 56.73 (-0.73%).Wind in Amsterdam will be slightly up to 31.7 euro per megawatt-hour (-0.3%).On the commodity side, gold is starting after falling below $ 4,300 on Friday, and is trading in the area (+ 2.2%) and $ 4362.