MILANO – The futures on the European lists are positive after the records set by Wall Street and the positive session in Asia.
On the Eastern markets, in particular, the mood improved to the tone of the news coming from Evergrande: paid off the $ 83.5 million coupon on the offshore dollar bond expired on September 23: the move, the Securities Times reports based on what it learned, avoided the default by a whisker as the 30-day grace period they would expire tomorrow. The transaction would have been carried out through a Citibank account.
Closing of the week up for the Tokyo Stock Exchange, driven by positive economic data and efforts to reopen business. The Nikkei index advanced 0.34% to 28,804.85 points. The Japanese manufacturing SME it grew strongly in October supported by the increase in export orders. SME services are also doing very well, which expanded for the first time since January 2020 in the wake of the progressive reopening of the economy and with the decline in coronavirus cases. Inflation also turned positive in September, reflecting the rise in energy prices and raw material costs.
The 10-year Treasury yield fell below 1.7%, nonetheless remaining at the highest levels of recent weeks in view of the Federal Resreve’s reduction in bond purchases, with inflation expectations at their highest in many years : a public appearance by the governor is expected in the Italian afternoon Powell. Around the ECBmeanwhile, among the economists observed by Bloomberg the expectation is rising for an adjustment of the securities purchase mechanisms that should accompany the reduction in volumes in order to ensure greater flexibility for the Eurotower.
Snap, the company behind the Snapchat disappearing text app, collapses on Wall Street, where it loses 30%. To weigh is the quarterly that showed revenues up 57% to 1.07 billion dollars, below the expectations of analysts, who bet on 1.10 billion. Earnings per share amounted to 17 cents, above the 8 cents expected by the market. The below-expected revenues are the effect of the data changes introduced by Apple and their effect on advertising. The presentation of the accounts also raised concerns about the fact that the global supply crisis could also have repercussions on advertising investments.
The prices of the Petroleum they recover but remain down on the Asian markets in the last session of the week due to the milder forecasts for the winter in the United States. According to the National Oceanic and Atmospheric Administration, winter in the US will be warmer than average. This disrupted a rally that took prices to a three-year high above $ 86 a barrel at the start of yesterday’s session due to tight supply and the energy crunch. This morning, Brent futures partially recovered their losses and lost 0.52% to 84.18 dollars a barrel, the WTI lost 0.40% to 82.18 dollars.
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