The main European stock exchanges, including Piazza Affari, should start trading with a moderate rise after the announcement without many surprises by the European Central Bank and pending the publication of the SME indices on private sector activities.
Yesterday, the ECB pledged to keep interest rates low for a long period of time and to support the economy until inflation stabilizes at 2% permanently, while the Delta variant represents a risk for the recovery of the economy. euro zone. Traders could react during the session to the first reading of the July PMI manufacturing and services index of the main European and US economies. Those in the Eurozone should show a continuation of the recovery of the services component, in light of the reopening, while in the US it will be important to see if further signs of a slowdown will arrive after those already seen in the ISM indices.