MILANO – 3:45 pm. Markets are moving weak at the weekly reopening: also Wall Street – back from three consecutive weeks of positive balance – is down slightly with the Dow Jones down 0.15% and the Nasdaq down 0.3%. Milano is among the best with a gain of 0.35% when the session comes to an end, while the others remain mixed: London yields 0.25%, Paris e Frankfurt they turn positive by 0.1%. In Piazza Affari, the protagonist of the day is Diasorin, who is starting up after the maxi acquisition in the USA of 1.8 billion dollars.
Investors, who are always looking to the pandemic front to assess the strength of the recovery, are also approaching a crucial phase in the publication of the financial statements for the first quarter of the year. The traders then recorded the Sunday words of Jerome Powell: the Fed’s number one warned that the virus is still a risk for the economy: it must not reopen too quickly and in any case the Federal Reserve will support the economy until a complete recovery.
In the morning, the Asian stock exchanges ended trading in decline. Tokyo it lost 0.77%, Hong Kong 0.98%, Shanghai 1.09%. Despite the maximum fine of the Chinese Antitrust, Alibaba’s stock jumped by 7%: the market celebrates the imposition as a breaking of the impasse that had been created between regulators and Jack Ma’s technology group.
On the currency front, theeuro opens slightly below $ 1.19. The single currency changes hands at 1.1885. Euro down against the yen at 130.24. Dollar / yen 109.55. The yield on US Treasuries rose after the higher-than-expected data on producer prices, which once again brought the possibility of accelerated inflation to the table. On the price point, Powell also reiterated: “The Federal Reserve agrees that US inflation moderately exceeds the 2% threshold for some time, but does not want the excess to be significant. bringing the US economy back to the ‘bad old days of inflation’ “. In evidence the Bitcoin, which exceeds $ 61,000 and approaches historical highs in view of Coinbase’s listing on April 14th. The spread between BTP and Bund it is stable at around 103 basis points.
The prices of the Petroleum they rise in the United States, on hopes that the demand for fuel in the United States will rise with the cargo season: on the American market, prices rise by 1.11% to 59.99 dollars a barrel.
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