MILANO – 3.10 pm. The relaunch of Joe Biden on the vaccination campaign accelerates the world price lists in the last session of the week. The US president yesterday announced that the goal of the US administration is to complete 200 vaccinations in the first 100 days of the mandate, a milestone that has fueled the hopes among investors of a possible economic recovery faster than expected.
Europe confirms positive after the opening of Wall Street: Milano salt of 0.45%, London 0.76%, Frankfurt 0.72% e Paris 0.47%. In Piazza Affari, Tim shot after the assignment of the TV rights of the series to 2024 to Dazn (which moved on this game with the technological support of the Tlc led by Luigi Gubitosi).
There were also signs of optimism in Asia, with the main financial markets all in positive territory and Tokyo which closed its trade at + 1.56%. To play in favor of the exchanges there are also the data onIfo index which measures the confidence of German companies (rose above expectations to 96.6 points in March) and the recovery in oil prices: thanks to the closing of the Suez passage, the Wti barrel rises again above the threshold of 60 dollars (+ 2.5%) and Brent reaches 63.4 dollars (+ 2.3%). Wall Street opens positive. The Dow Jones rose 0.37% to 32,735.46 points, the Nasdaq advanced 0.14% to 12,996.48 points while the S&P 500 posted a gain of 0.36% to 3,923.57 points.
Among currencies, theeuro opens weakly below $ 1.18, at $ 1.1782 and yen 128.73, after hitting a 4-month low yesterday. The dollar / yen instead advanced to 109.27. Little moved it spread: the differential between ten-year BTPs and their German Bund counterparts opens at 96.7 points, slightly less than the 96.2 points of yesterday’s closing, with the yield on Italian bonds rising slightly to 0.595%. Yields down at this morning’s 6-month bot auction: Treasury placed all 6 billion of six-month bonds, against a demand of 8.4 billion, and the average rate fell to -0.486% from – 0.429% of the previous placement.
Among the macroeconomic data on the agenda, GDP in Spain was flat in the fourth quarter, down by 8.9% on an annual basis. In Italy, Istat recorded a decline in consumer confidence and an improvement among businesses in March. The first figure dropped from 101.4 to 100.9, while the composite index of business confidence increased from 93.3 to 93.9. In the US, the final confidence index drawn up monthly by the University of Michigan is growing: it was 84.9 points, after 83 in the preliminary reading and 76.8 points in the previous month; in January, a figure of 79 points was recorded. The preliminary trade deficit rose in February, more than expected by experts. According to what was announced by the Commerce Department, the trade balance deficit grew to 86.7 billion, against expectations for a figure of 86 billion, after 83.7 billion the previous month. Inflation is highly anticipated, which in February was + 1.4% and below expectations.
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