Home » Stock markets today, 30 September 2021. China and Japan slow down, but EU lists are seen to rise

Stock markets today, 30 September 2021. China and Japan slow down, but EU lists are seen to rise

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MILANO – A positive day is expected for the European lists, despite the negative indications from the Asian economies and the mixed closure of Wall Street, where the indices are about to close the worst month in a year with losses between 2.6% of the Dow Jones and the Nasdaq 5.2 percentage points.

It was, however, still a weak session for the Japanese market: the Tokyo Stock Exchange closed down for the fourth consecutive session. The indibe Nikkei lost 0.31% to 29,452 points. Investors fear that rising inflation will lead to monetary tightening and as Washington’s debt stalemate and the prospect of a historic US default loom. Then weighs the fact that industrial production decreased for the second consecutive month (-3.2% since July), according to preliminary data published by the government. The figure reflects disruptions in global supply chains caused by the pandemic and semiconductor delivery problems, especially the shortage of chips in the automotive industry. The industrial production of the world‘s third largest economy had already fallen by 1.5% in July over a month, after the strong rebound in June. The decline observed in August is much sharper than economists predicted.

For the first time since the start of the post-pandemic recovery, then, a signal of slowdown in Chinese industry activity: contracted in September to its lowest level since February 2020, when the coronavirus freeze paralyzed the economy, as the country faces waves of power outages and fears of instability in the real estate sector. The Purchasing Managers Index (PMI) – a key indicator of manufacturing activity in the world‘s second largest economy – fell to 49.6 from 50.1 in August, the National Bureau of Statistics said. Any digit below the 50-point mark represents a contraction, while above it indicates growth. The Ihs Markit manufacturing index with Caixin is different: in this case in September there is a rise to 50 points from 49.2 in August. There Central Bank of China injected 100 billion yuan, or approximately $ 15.42 billion, into the banking system in the form of 14-day reverse repurchase agreements, setting interest rates at 2.35%. Today is the fourth intervention, always of the same magnitude as the previous ones, since the beginning of the week.

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A Hong Kong (-0.9%) there was a backlash on technology stocks, after the Chinese authority that controls cyberspace and other government bodies announced that within three years they will establish governance rules for the algorithms used by technology companies to attract users. .

On the currency market, after yesterday’s sharp decline, the euro is stable this morning below the $ 1.16 threshold. The single currency is trading at $ 1.1598 and yen 129.78. Finally, among commodities, the price of the Petroleum. The American WTI recorded a decrease of 0.2% to 74.7 dollars, while Brent fell to 78.3 dollars per barrel (-0.4%).

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