MILANO – European stock exchanges restarted on the upside following the good performance of Wall Street yesterday and Asian listings tonight. The Fed’s new possible monetary tightening pushes bond yields higher, with the US 10-year rate rising to 2.45%, the highest since 2019. There is expectation on the market for the trip of Joe Biden in Europe. The US president is expected tomorrow for the European Council and the NATO summit and it is expected that the White House will be able to strengthen the link with Europe in terms of energy to ease dependence on Russian gas. TO Milanothe Ftse Mib marks + 0.16% at 24,572 points, Frankfurt records +0.07%, London +0,12% e Paris give up 0.05%.
The weak yen makes Tokyo fly
The day on the Asian markets was also very positive, as mentioned. Benefiting from the weakness of the yen, to the benefit of exporting firms, Tokyo closed at 3%. The increase in Covid cases does not scare the Chinese financial centers: Shanghai ends up by 0.3% and Shenzhen by 0.4%.
Currencies, euros recovering
Among currencies, theeuro it recovered against the dollar in early morning trading. The single currency marks 1.1033 today, compared to 1.102 yesterday. The euro also progressed against the yen at 133.64 (+ 0.3%), with the Japanese currency continuing in the phase of weakness, giving further ground to the dollar, traded at 121.14 (+ 0.3%). The spread between the BTPs and the Bund it remains substantially stable this morning at 151.90 compared to yesterday’s close. The yield of the Italian 10-year period stands at 2.02%.
Oil still uphill
After yesterday’s partial stop, the prices of the Petroleum they rise again. The Wti future delivery in May marks a progress of 1.2% to 110.60 dollars a barrel, while Brent rises by more than 1% to 116.91 dollars.