Piazza Affari is currently the only positive stock market in Europe and the spread rises but does not tear. The first reaction of the markets to the results of the 2022 elections is betting on stability or, at least, on the prospect that the country can have a stable government. The real enemy of investors has always been uncertainty and a political framework that outlines a large majority is still considered favorable. However, the real test will come with the formation of the government and the first choices with respect to international placement, the relationship with Europe, and the first economic policy decisions. For now, however, the numbers are positive. In the middle of the first weekly session, the main European stock exchanges are losing ground. Milan, on the other hand, is the only one to remain in positive territory (+ 0.65%) with the Ftse Mib rising to 21,206 points. London collapses, which compared to this morning (+ 0.54%) falls to -0.62%. Paris also in the red (-0.13%). Frankfurt, while improving slightly, remains at -0.07%. The spread is up in the middle of the day. The differential between BTPs and German Bunds stood at 240 basis points, 3 more than the 237 this morning. The yield of the 10-year Italian bond rises to 4.51%.