Poor start for European bourses, still hampered by words from ECB President Lagarde who reiterated her no to end monetary tightening. Milan is hovering around parity in line with the other main price lists, currently at +0.05%.
Asian bourses were also weak, with only Tokyo staying slightly above par, helped by better-than-expected consumption data in Japan, on a low-volume day due to the shutdown of major bourses in the south of the continent (India, Indonesia, Malaysia and Singapore).
While news out of Washington last night might bring some confidence in the financial sector: all 23 major American banks have passed the Federal Reserve’s stress tests, even in a hypothetical scenario of a severe recession. News, however, does not necessarily guarantee that everything is fine in the sector, since the smallest institutions are not subjected to the tests, including the regional banks, which were the cause of the crisis of recent months – and which remain under special conditions of surveillance.