European stock exchanges are flat: investors are attentive to the spread of the coronavirus made more dangerous by the Delta variant and are especially waiting for the data on US inflation in July. In the States, infections have reached the levels of last February. Wall Street, after Friday’s highs, closed mixed with the Nasdaq up 0.16%, while the Dow Jones lost 0.30%, the S&P 500 a fractional 0.09%. Piazza Affari is stable in the FTSE MIB index confirming the maximum levels reached since September 2008.
Meanwhile, the Chinese central bank has reassured that monetary policy will remain accommodative, given that inflationary pressures are “controllable” while the economic growth prospects remain at risk.
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Tokyo stock market closed slightly up, Bridgestone did well
Closing slightly up for the Tokyo Stock Exchange(closed for holidays on Monday 9 August) where the optimism of operators for the positive data coming from the last round of quarterly reports prevailed over fears for the escalation of new infections from Covid-19 in the country. At the end of the session, the Nikkei index stood at 27,868 points, up by 0.17%. the financial giant Softbank recorded a 39% contraction in profits in the first quarter of fiscal 2021-22 to 761.5 billion yen (5.9 billion euros). The tire group Bridgestone it gained nearly 2% on the stock market after raising its 2021 earnings estimates after the first half of the year.
The macro agenda foresees the dissemination of the index German Zew, but investors are especially looking forward to the US inflation statistic, which will be released on Wednesday 11 August. In the United States, attention is being paid to the vote in the Senate for the approval of the maxi infrastructure plan proposed by the Biden administration.
Inflation in focus: key US figure on Wednesday
The data on US prices will be observed to try to anticipate the moves of the American central bank (the speeches of many central bankers are expected in these days), after the latest surveys on the labor market, which seems to be going well: last Friday the creation of 934,000 new jobs, albeit with the great contribution of rebounding sectors such as catering, while yesterday the opening of 10 million positions in June.