(Il Sole 24 Ore Radiocor) – The European stock exchanges are little moved, after the new records set on the eve of Wall Street by the S & P500 and the Nasdaq, which for the first time closed above 15 thousand points. The continental markets move in the wake of the Asian ones, with the Tokyo which closed virtually unchanged. In Piazza Affari the FTSE MIB moves on parity, when the Dax30 in Frankfurt and the Cac40 in Paris are slightly up.
Waiting for Powell’s speech in Jackson Hole
With the fears for the spread of the Delta variant of Covid-19 in the background, which in Japan is evaluating the extension of the containment measures to 33 out of the 47 provinces of the country, the expectation for the Jackson Hole symposium remains high. year in virtual version. The main event will be the speech by the president of the Federal Reserve, Jerome Powell, scheduled for Friday (5pm Italian time). It is now believed that he will not give indications on tapering, the reduction in purchases of securities, as data on the performance of the US economy are still lacking. The idea that is gaining momentum is that we should wait for the next meeting of the FOMC, the Fed’s monetary policy committee, scheduled for September for precise news on tapering. Christine Lagarde, president of the European Central Bank, who has not yet questioned her policy of supporting the economy, will not participate in the symposium. On the macro front, today there is expectation for the German Ifo index and analysts expect the second consecutive monthly decline. US oil stocks will arrive in the afternoon.
Loading…
Among the titles, Davide Campari and Nexi stand out in Piazza Affari. The oil trend was also positive with Tenaris and Saipem. Opposite sign for the profits with Terna, Snam Rete Gas and Italgas, which are at the end of the Ftse Mib, recording the most significant decreases.
The spread between BTp and bund is stable
Stable opening for the spread between BTp and Bund on the Mts secondary market. At the start of trading, the yield differential between the ten-year benchmark BTp and the same German duration is indicated at 104 basis points, the same level as yesterday’s closing. The yield of the benchmark ten-year BTp was also stable at 0.57 per cent.
Euro remains above 1.17 dollars, oil is slowing
On the foreign exchange market, the euro changes hands at $ 1.1734 (1.1749 yesterday closing) and at 128.867 yen (128.833), when the greenback is worth 109.818 yen (109.653). As for crude oil: the October contract on Brent slips by 0.14% to 70.95 dollars a barrel and that of the same maturity on the WTI by 0.19% to 67.41 dollars.