MILANO – The calming effect of Federal Reserve it calms the markets, which move higher as US Treasury yields cool. The president of the American central bank has returned to assure that inflation will be transitory and that patience will be the virtue of the Fed, which is in no hurry to raise the cost of money to curb the price rush. “We will not raise rates in advance because we fear a possible rise in inflation,” he said Jerome Powell to the US Chamber.
The European stock exchanges start cautiously up on these reassurances: London advances by 0.1%, a Milano the Ftse Mib index gained 0.15% while Frankfurt salt of 0.24% e Paris 0.14%. There Tokyo Stock Exchange closed flat this morning, after the Nasdaq record on the eve of the day: the Nikkei index fell by 0.03% to 28,874 points. Strong upside for Hong Kong, where the technological sector stands out above all: + 1.5%.
L’euro it is stable in early trading on the European currency markets. The single currency is trading at $ 1.1928 from $ 1.1942 yesterday after the close of Wall Street. The European currency, on the other hand, is up against the yen, with which it is traded at 132.14 (131.50 yesterday’s ECB price). In recovery the Bitcoin, which yesterday fell well below 30,000 dollars, burning all the gains made this year (in mid-April it was close to 65,000 dollars): the queen of cryptocurrencies, which is paying the Chinese squeeze on mining, has returned to breathe by climbing up to almost $ 34,000.
Among the raw materials, the Petroleum WTI is up on the markets and remains above 73 dollars: the contract with delivery in August grows by 0.6% to 73.28 dollars a barrel. Brent also rose, gaining 0.7% to 75.34 dollars. Me too’oro there is no particular variation: the precious metal with immediate delivery is trading at $ 1,781.75 per ounce (+ 0.2%). All on the rise instead of silver, platinum and palladium.
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