Stock exchanges today April 1st: Biden plan supports markets

MILANO – The 2,000 billion dollar infrastructure plan launched by US President Joe Biden supports global stock exchanges. Europe closes all up: Milano salt by 0.25%, London 0.35%, Frankfurt 0.66% e Paris 0.59%. There are also good signs from SMEs, with the manufacturing index growing in March to 59.8, up from 56.9 and in line with expectations. But it is above all the Eurozone figure that is running, with the manufacturing PMI jumped to a record level of 66.5 points from 57.9 points in February, always in line with expectations. The data from the United States is even better, with the ISM manufacturing index, which monitors the performance of the sector in the United States, which rose to 64.7 in March, the highest since 1983. At the close of trade in Europe, it is also up Wall Street: the Dow Jones rises by 0.38% and the Nasdaq by 1.41%. New record for the S&P 500, up by 0.88% and for the first time above 4000 points.

The Asian side was also positive, where Tokyo closed trades at + 0.72%. However, there are signs of concern for investors, from the spread of the pandemic that continues to force states to severe restrictive measures, also to the detriment of the economy, to the performance of US Treasuries, whose yield fell overnight at the end. of the worst quarter since 1980.

As for several weeks now, a few jolts on the front of the spread. The differential between ten-year BTPs and German bund counterparts closed stable at 96 points, with the yield on Italian bonds falling to 0.63%. Among currencies, theeuro closes slightly up a $ 1.1757 (+ 0.2%) and at 130.05 yen (+ 0.2%)

On the commodities front, prices of Petroleum mixed in the wake of rumors that tomorrow’s OPEC + meeting could decide on an increase in production. Brent lost 0.3% to $ 62.7 a barrel, WTI rose 03% to $ 59.3.