Home » Stock exchanges today, 14 September 2021. Uncertain EU price lists: markets awaiting US inflation

Stock exchanges today, 14 September 2021. Uncertain EU price lists: markets awaiting US inflation

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MILANO – 11:20 am. Uncertain day for European stock exchanges. The price lists look with expectation at the data onUS inflation, to understand if the roadmap indicated in principle for tapering (the gradual tightening of extraordinary stimuli) may undergo new variations depending on the health of the US economy. Analysts expect a rise of 0.4% on a monthly basis and a confirmation of 5.4% on an annual basis recorded in the previous two months.

Pending these data, the European stock exchanges are proceeding in contrast with the luxury sector penalized by the concerns coming from the Chinese market: infections are growing in some places, just as the national holiday for the founding of the People’s Republic is approaching (1 October) which is usually an occasion for tourism and shopping. Paris it suffers more and falls by 0.5% in the middle of the morning, London loses 0.17% and Frankfurt rises by 0.17%. Well Milan, which after the earnings of the eve of the day is the best at + 0.7%.

In Asia, the crisis of the real estate giant generated tension on Chinese financial markets this morning Evergrande which admitted to facing “enormous pressure” and not being able to honor its commitments with creditors. The Hong Kong stock exchange lost 1.2%, with the stock of the real estate group falling 11.6%, and the Shanghai stock exchange finished down 1.4%. Tokyo: + 0.7% to 30,670.10 points and the Nikkei has reached a peak for over 31 years, driven by Wall Street and also by expectations for the new political phase following the resignation of Prime Minister Yoshihide Suga.

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However, market sentiment remains one of caution. A survey conducted by Deutsche Bank of 550 operators shows that most investors expect a correction in the equity markets of between 5% and 10% before the end of the year. At the top of investor concerns are the consequences of the Covid pandemic, followed by the danger of a rise in inflation that could force central banks to withdraw their stimulus sooner than expected.

Among the currencies, stable departure for the euro against the dollar, with the single European currency changing hands at 1.1813, from 1.1808 last night at the close of Wall Street. The spread is stable: the differential between BTP and German Bund marks 101 points like yesterday at the end of the session, with the yield of the Italian ten-year bond at 0.68%

Fears for the arrival of the new hurricane Nicholas push the prices of the Petroleum. WTI crude oil rose to 71 dollars a barrel, up by 0.78%, and Brent crude rose by 0.73% to 74.05. The international energy agency (aie) said today it expects a strong rebound in world oil demand, after the three months of contraction that characterized this summer, due to the resurgence of covid cases in asia.

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