Home » Stock exchanges today, 4 October 2021. EU lists weak, spotlight still on Evergrande in Asia

Stock exchanges today, 4 October 2021. EU lists weak, spotlight still on Evergrande in Asia

by admin

MILANO – Declining restart for the European stock exchanges. The spotlight is still on the real estate giant Evergrande, after the company was suspended from trading ad Hong Kong, however, announcing the imminent arrival of a communication of an “important transaction”. According to the Chinese financial information platform Cailian, Hopson Development Holdings is considering taking over 51% of the subsidiary of the real estate giant. Evergrande Property Services Group, for about 40 billion Hong Kong dollars, equal to about 5.1 billion dollars. With Chinese stock exchanges closed for holidays, in Asia it closed down 1.1% Tokyo while Hong Kong is heading towards a sharp decline.

The ECB price alert

Markets are also dealing with fears about rising inflation, after the United States announced on Friday that the PCE (Personal Consumption Expenditures Price Index, the Federal Reserve’s preferred indicator for monitoring prices) rose by 0.4. % compared to the previous month, more than the 0.3% expected by experts, and compared to a year earlier it increased by 4.3%, the largest increase since 1991. In the morning the comment of the vice president was added. Luis de Guindos: “This increase in inflation is not only a response to the underlying effects, but is also a component that will have a more structural impact,” he said at a public event, noting that in his view supply bottlenecks, market distortions of goods and services and the increase in energy costs is having “an impact that goes beyond what we expected only a few months ago”

Europe is moving in a negative way, as mentioned. Milano the 0.4% yields, London lo 0.15%, Frankfurt loses 0.53% e Paris 0.62%. Among currencies, theeuro opens slightly above $ 1.15 and changes hands at 1.1598. The euro / yen exchange rate is up at 128.74 and the dollar is down against the yen at 111.00.

See also  The stock exchanges today, February 21, 2022. The Biden-Putin summit hypothesis reassures the markets. The oil rush stops

Oil prices moved little, with WTI fluctuating around $ 75.80 and Brent around $ 79.24. The OPEC + meeting is scheduled today to decide the production levels in November, while the pressure of some countries is growing, asking the organization to increase production to limit price growth. In July, OPEC + reached an agreement to increase supply by 400,000 barrels per day, every month, at least until April 2022, thus releasing on the market those 5.8 million barrels per day that had been previously cut to raise prices, which fell with the Covid-19 pandemic.

.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy