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Asian stock markets are expected to rise also in Europe

2020-04-07T07:09:30.018Z


The BTP-Bund spread decreased to 189 points. Expectation for February industrial production data together with retail sales from Italy. Eyes then on the Eurogroup in Brussels. (HANDLE)


Asia and Pacific stock exchanges at a fast pace with Tokyo closing at + 2.01% while the Japanese premier, Shinzo Abe has declared a state of emergency for the coronavirus in 7 prefectures and the country is preparing to implement a maxi economic plan to contrast the emergency.

Shanghai (+ 2%) and Shenzhen (+ 3%) also rushed with China, which recorded for the first time no deaths since the outbreak of the pandemic. Hong Kong is more cautious ((+ 1.27%). Sydney is against the current (-0.65%) while Seoul is advancing (+ 1.77%). Europe is also expected to rise with positive futures.

Expectation for February industrial production data together with retail sales from Italy. Eyes then on the Eurogroup in Brussels. Economic optimism and weekly oil stocks are expected from the US with the price of black gold rising on the markets that expect an agreement to cut production this week.

Opening in decline due to the spread between the BTP and the Bund, which thus continues to decline following the purchases on the market by the ECB. The differential marks 189 points against 191 on Monday's close. The 10-year yield is open at 1.49%.

Source: ansa

All life articles on 2020-04-07

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