(Il Sole 24 Ore Radiocor) – Stock exchanges of the Old Continent are moving in positive territory after the Federal Reserve and with the market in turmoil for publication of quarterly reports. The US Central Bank confirmed its monetary policy by leaving interest rates unchanged and the pace of purchase of securities at $ 120 billion per month. In the final note of the FOMC, however, reference was made for the first time to US economic recovery, thus leaving the door open for the end of stimulus policies to the economy, although until the labor market is robust again the Fed should maintain the status quo. In the US, eyes focused on the first reading of GDP in the second quarter, in addition to the data on new construction sites and the weekly requests for unemployment benefits, while in Europe the focus is on Frankfurt, with the publication of the minutes of the July meeting of the ECB.
At Piazza Affari well St, still in the sprint Carige
On the corporate front, St (+ 2.7%) takes off in Piazza Affari after the publication of the results for the second quarter of 2021 with better than expected profits and estimates for the second half of the year. Among the stocks on the rise, also Exor + 1.3% and Buzzi Unicem + 1.2%. Opposite sign for Unipol, which slipped by 0.7%. Outside the main segment, another session of strong attention for Banca Carige, stopped in volatility when it marks a progress of 15%, which returned to the stock market yesterday after two and a half years of suspension.
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The euro points again to 1.19 dollars
On the foreign exchange market, the euro strengthened against the major currencies and changed hands at $ 1.1869 (1.1804 on the eve) and 130.354 yen (129.956), when the dollar changed hands at 109.8235 yen (110.089 ). Finally, as regards the price of oil, the September contract on WTI rises by 0.64% to 72.85 dollars a barrel and that of the same maturity on Brent by 0.6% to 75.19 dollars a barrel.
Spread up, up to € 7.75 billion in BTp auction
The spread between BTp and Bund on the secondary market MTS of European government bonds moves up. The yield differential between the Italian benchmark ten-year BTp and the same German duration is indicated, at the start of trading, at 111 basis points, five more than yesterday’s closing. The yield of the ten-year benchmark BTp also increased, reaching 0.66% from 0.62% at the last reference on the eve of the day. Eyes on the Treasury, which will place BTp at 5, and 10 years and CcTeu for an amount up to 7.75 billion.