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Draghi effect on BTPs: yields below 0,50%

The Draghi effect continues on the financial markets: not only is the stock market on the rise again today despite the conflicted banks, but the yield on BTPs falls to historic lows, with great relief for the Treasury coffers. Bitcoin smells of a new record.

Draghi effect on BTPs: yields below 0,50%

Mario Draghi continues to positively influence the financial world. With the appointment of prime minister now in the air, the Milan Stock Exchange has now further limited the growth of recent days, closing well above 23.000 points and with the Btp Bund spread falling further, closing below 92 basis points , close to the lows of March 2015. The real news is though the exploit of the XNUMX-year BTP yield, which fell below 0,5% for the first time in history. The other European lists are also positive: among the main ones, the best is Frankfurt, while Paris closes just above parity. Wall Street opens well: both the Dow Jones and (even more) the Nasdaq are up.

In Piazza Affari it is one decidedly bad day for Unicredit, which loses more than 3% after the accounts which sanctioned a 2,78 billion red loss, certified by the last board led by outgoing CEO Jean-Pierre Mustier. In April, the new CEO, Andrea Orcel, will make his debut and will have the task of bringing the bank back to profit in 2021, as already provided for in the guidance. The other banks did better, in particular Mediobanca which closes in the 9 euro per share area. All the securities, whether industrial, technological or energy, which in some way will benefit from the money arriving with the Recovery Plan are doing well: today Enel and Stmicroelectronics stand out, but Nexi and Poste Italiane are also traveling particularly well. Leonardo in red. Pharmaceuticals are also highlighted with Diasorin and out of the main Fincantieri basket: over 8%.

Internationally, watch out for yet another Bitcoin rally. The virtual currency, relaunched a few days ago by the news that Tesla will accept it as a form of payment, opens the session by immediately rising by more than 6% to the $48.000 area, which is the absolute record recorded on Tuesday. Commodities: oil slows down, correcting slightly to 61,4 dollars a barrel for Brent, and 58,5 dollars a barrel for Wti. Gold almost stable at 1836.7 dollars an ounce, and the euro is also practically unchanged compared to the US dollar: it trades at 1.213.

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