Home » Stock exchanges, Europe on the rise follows Wall Street and Asia. The Ftse Mib reaches 25 thousand

Stock exchanges, Europe on the rise follows Wall Street and Asia. The Ftse Mib reaches 25 thousand

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European stock exchanges in positive after yesterday’s sprint closure on Wall Street (overseas futures still positive) and while the Asian markets are starting to archive trading with robust rises. Penalized in the session of Monday 24 May by the ex-coupon, which forced Piazza Affari to close down, the Milanese stock market moves along with the other European stock exchanges on the rise with the FTSE MIB which has reached an altitude 25 thousand points. The markets seem comforted by the tranquility shown in recent days by some members of the Fed on the inflation front as well as by the good performance of the vaccination campaign, which suggests a significant economic recovery in the short term.

FTSE Mib stock market trend

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In Piazza Affari still focus on banks, Bper runs

The FTSE MIB in Piazza Affari touches the fateful threshold set at 25 thousand points (maximum since February 2020) but then immediately retraces. Few stocks in evidence at Piazza Affari: the rally of Banca Pop Er and Banco Bpm continues, waiting for news on banking risk, while Hera and Atlantia are weak. Diasorin is in solid rise and celebrates the announcement of the new antigen test for Covid to be done in the pharmacy.

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The agreement on quick pads makes Giglio jump

In Piazza Affari, outside the Ftse Mib, Giglio Group shines after the announcement of the exclusive agreement with Imagro for the distribution of rapid pads for Covid self-diagnosis. The exclusive distribution of the product – it was explained – will involve all the most important Market Places, large, small and medium-sized enterprises, public bodies and trade associations, as well as being for sale on the e-commerce site w of the group. «The demand for rapid self-diagnosis swabs is very high and will be increasingly so in the coming months, when it will be important to monitor the pandemic trend during the completion of the vaccination phase. We foresee a rapid and wide distribution of the product », underlined the president of the group Alessandro Giglio.

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On the macro front, the German GDP in the first quarter has been revised slightly downwards (-3.1% year-on-year) and in Germany there is also expectation for the Ifo confidence index. Meanwhile, the Bitcoin (+ 7%) to $ 38,500 after Elon Musk has returned to open the cryptocurrency, while asking for it to be produced while minimizing emissions.

Tokyo follows Wall Street up but growth worries

The Tokyo Stock Exchange closed higher with the Nikkei index gaining 0.67% to 28,553 points, in line with Wall Street’s optimism which shows confidence in the recovery in the United States. The Topix index was also bullish. Tokyo investors did not seem disturbed by the US recommendation to citizens not to go to Japan due to the risks still linked to the pandemic, with the market having already taken into account the delays in vaccinations; however, the health situation in Japan has shown some improvement in the last two weeks and the government has approved two new vaccines. However, concerns remain about the slowness of the economic recovery, precisely because of the progress of the vaccination campaign.

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