MILANO – The European lists begin the week in the name of caution, after the good session in Asia: in the background remain the strong concerns over the expensive energy issue which risks causing inflation to rise beyond the tolerance levels of central banks and represent a major obstacle to global recovery. Fears also fueled by the race of the Petroleum, with prices that remain above the threshold of 80 dollars: the WTI goes to 80.8 dollars to be precise, confirming the highest levels since 2014 reached on Friday, while Brent rises to 83.5. In China, thanks to the floods that led to the massacre and the closure of mines, the future sul carbone are at new highs.
Milano starts trading down by 0.2%, supported in any case by the oil sector. Also down Frankfurt (-0,4%) e Paris (-0.25%) while London holds better on par.
In the morning, the Tokyo Stock Exchange accelerated at the end of trading, ending the first session of the week with a rise, supported by the weakness of the yen on the main currencies, which gave impetus to export stocks, and the revision of the timing of the fiscal maneuver, by Prime Minister Fumio Kishida, considered penalizing for large companies: the Nikkei gained 1.6%. In sharp rise, while the session is still open, too Hong Kong which rises by 1.8% while Shanghai it is more cautious at + 0.25%.
American markets remain closed for today Columbus day. On Friday, Wall Street had closed weak following uninspiring US jobs data. Analysts have rather noted how wages have grown, a symptom of a possible inflationary spiral that, combined with the high energy price, could push the Fed to accelerate rate action.
On the currency, theeuro there is little change on the dollar at the start of the week. The single currency maintains its gains on Friday after disappointing US labor market data. The European currency is trading at $ 1.1577 against 1.1575 on Friday closing. Euro / yen at 130.49 and dollar / yen at 112.69. Returning instead to raw materials, the prices oforo they are stable on the Asian markets where exchanges have moved, little changed, around 1,756.58 dollars an ounce.
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