MILANO – Ore 13.15. The European stock exchanges improved during the morning and the rise continued. Milano drops by 0.84%, London salt by 0.27%, Frankfurt 0.17% e Paris 0.29%. Waiting for the US inflation data scheduled for the end of the week, investors weigh the words of US Treasury Secretary Janet Yellen, who in an interview with Bloomberg explained that a possible rate hike, a bugbear for the markets in recent weeks. , should not necessarily result in damage to the US economy. “If we ended up with a slightly higher interest rate it would actually be a boon to the company and the Fed,” the former Fed chairman said. “We’ve been fighting inflation too low and rates too low now for a decade. “” and if that helps a little, then it’s not a bad thing, but a good thing. Mixed day for indices in Asia too, with Tokyo which closed the trades at + 0.27%. Futures on Wall Street point to the downside with the agreement reached at the financial G7 on the global minimum tax for large corporations that weighs on the tech sector.
Among currencies, theeuro it moved slightly at $ 1.2163 and yen 133.17. The dollar / yen exchange rate was also stable at 109.43.
Among the macroeconomic data of the day, the slowdown in the Chinese trade surplus in May, to 45.53 billion, below the expected 50.5 billion and 61.9 billion in the same month last year, should be noted. The jump in exports (+ 27.9% compared to 2020, due to the Covid emergency), is however more modest than that recorded in April (+ 32.3%) and compared to what the markets expected (+ 32.1% ). Imports, on the other hand, increased by 51.1%, against the + 43.1% in April and the + 51.5% forecast on the eve of the
In light the quotations of the Petroleum, which has nevertheless remained at its maximum for three years due to the expectation of a recovery in demand linked to the restart of the economy. Texas WTI changes hands at $ 69.05 a barrel, down 0.8% after breaking $ 70 for the first time since 2018. Brent falls 0.9% to $ 71.19 a barrel .
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