Eyes on the consumer price data for indications on the next moves by central banks
by Andrea Fontana and Paolo Paronetto
(Il Sole 24 Ore Radiocor) – European stock exchanges trying to consolidate positions after the records, pending the publication of the data on US inflation, from which the markets are waiting for indications on the next moves by central banks and on the timing of the expected exit from the current ultra-accommodative monetary policy. In Asia, meanwhile, the lists experienced a weak day, penalized by the spread of the Delta variant of the coronavirus among populations with vaccination rates lower than those of the main Western countries. In Piazza Affari the FTSE MIB is slightly up and updates again the highs since 2008. Among the main Milanese stocks, Buzzi Unicem is doing well thanks to the green light of the US Senate for the maxi infrastructural plan launched by the Biden administration.
On the foreign exchange market, the greenback remains strong and the euro slides towards $ 1.17: the single currency changes hands at $ 1.1709 from 1.1715 on Tuesday. One euro is also worth 129.67 yen (129.50 on Tuesday), while the dollar / yen ratio is at 110.74 (110.55). Oil prices rose slightly: September WTI futures rose 0.37% to 68.54 dollars a barrel, while October Brent delivery gained 0.44% at 70.94 dollars.
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