(Il Sole 24 Ore Radiocor) – European stock exchanges have risen, thus attempting to consolidate the earnings of the eve of the day, moving in the wake of the Asian markets. The attention factors of investors remain unchanged along the lines of the last few days: the race ofinflationthe risks to growth, the war in Ukraine and the return of the Covid in China. Although tensions and concerns persist, the markets have returned to having a positive tone thanks mainly to the quarterlywhose publication continues at full speed.
The results, for example, of Meta (Facebook and Instagram) beat expectations and in the post-market the shares of the group jumped by 18% on Wall Street while in the next few hours the balance sheets of other big techs, such as Twitter and Amazon. But the monetary front is also hot, with the dollar confirming itself as a “safe haven” asset in this difficult phase: the euro has remained at its lowest for 5 years against the greenback and the yen is at its lowest value for 20 years on the dollar (after the Bank of Japan confirmed a super-accommodative monetary policy). After the blaze of the eve, retrace the price of gas traded to around 102 euros per megawatt hour (-4%). The FTSE MIB gains ground in Milan, as well as the main European lists from Paris (CAC 40) to Frankfurt (DAX 30), passing through London (FT-SE 100) and Madrid (IBEX 35). Finally, on the macro front, super-sensitive inflation data will come out of Germany, important for imagining the ECB’s attitude in the future on the interest rate front. And at 2.30 pm the US GDP data for the first quarter will also arrive, another key figure for understanding the trend of the US economy.
The serene returns to the Tokyo Stock Exchange, Nikkei + 1.75%
Finally, the Tokyo Stock Exchange closed with a sharp rise. The Japanese market has largely recovered from yesterday’s decline thanks above all to the confidence triggered by the BoJ’s decision to confirm rates and the expansionary monetary policy currently underway. At the end of the session, the Nikkei index recorded an increase of 1.75%, reaching 26,847 points. The broader Topix Index also performed well, reaching a final position at 1,899.62 points, up 2.02% from the closing of the previous session.