After the positive session on Thursday, today the stock exchanges find the usual unknowns on the table. Starting with the US Fed. Data-packed menu today
by Eleonora Micheli and Paolo Paronetto
(Il Sole 24 Ore Radiocor) – The good round of quarterly accounts, starting with those of the US banks, and the Chinese government’s decision to ease the restrictions on the granting of mortgages by the country’s big names support the mood of investors. The European stock exchanges thus moved up well in the last session of the week. Well the FTSE MIB in Piazza Affari, where Leonardo – Finmeccanica rebounds after having specified, yesterday with the market closed, that it is an injured party in the affair of the defective components delivered to Boeing and produced by the subcontractor Manufacturing Processes Specification.
On the macro front, the quarterly accounts of US banks looked in great shape. The labor market, also in the United States, seems to be recovering more and more from the catastrophe of the pandemic, while inflation remains high. Today, the publication of data on consumer prices in Italy and France is expected: two important indicators for the future choices of the ECB. The data on the Italian trade balance also arrives today. But above all, the data on new car registrations in Europe will have a certain impact: given that the automotive sector is the most penalized by the shortage of raw materials, especially chips, this data can now give a sense of the depth of the crisis.