Slightly higher trend for European stock exchanges in the last session of the week, after the new Wall Street records and in the wake of the good performance of the Asian markets. A climate of cautious optimism prevails on the markets, after the bipartisan agreement in the States United for the infrastructure plan of approximately one trillion dollars (of which 600 of actual investments) developed by the Biden administration. However, the price lists are moving with caution, with the FTSE MIB in Milan, the CAC 40 in Paris, the DAX 30 in Frankfurt, the Ftse 100 in London, the IBEX 35 in Madrid and the AEX in Amsterdam little moved.
Confidence in the economic recovery also supports oil prices, which are growing moderately, while the dollar is falling. In the afternoon, investors await the data on consumer spending in the United States, which will also provide indications on the trend of inflation, an element at the center of attention to understand the next moves by the Federal Reserve.
At Piazza Affari, Buzzi snaps, Diasorin in line
Among the Milanese stocks with the highest capitalization, Buzzi Unicem stands out thanks to its exposure to the American infrastructure sector. Banca Mediolanum, Banca Generali and Telecom Italia also did well, while Diasorin was weak. Stellantis is also in the spotlight, after Jefferies analysts confirmed the “buy” rating and raised the price target from 21 to 22 euros per share.
Loading…
Slight spread, stable ten-year yield
Little moved trend for the spread between BTp and Bund. The differential between the ten-year benchmark BTp (IT0005436693) and the same German duration marked a first position at 105 basis points, a slight increase compared to the 104 points of the reference before. The yield of the benchmark ten-year BTp is confirmed at the levels of the previous closing, at 0.87 per cent.
Euro weakens, oil stable
On the foreign exchange market, the dollar weakens to 1.1939 to one euro (from 1.1929 yesterday at the close). The single European currency is also worth 132.29 yen (132.24 yesterday), while the dollar / yen ratio is at 110.79 (110.85). On parity, the price of oil: the August WTI future marks + 0.04% at 73.33 dollars a barrel, while the similar contract on Brent is unchanged at 75.56 dollars.
Tokyo closes higher on Wall Street
Closing up for the Tokyo Stock Exchange which has supported the acceleration of the US stock indices after the green light announced by President Biden for the infrastructure plan in the United States for 1 trillion dollars intended to stimulate the economic recovery. At the end of the session, the Nikkei index of leading stocks closed with a gain of 0.7%, at 29,066.18 points. The broader Topix also did well, ending the session with a 0.68% rise to 1,960.39 points.