MILANO – The European stock exchanges start in sharp decline with the attention of the investors still centered on the subject of the price increase. Today the wait is all for the update on US inflation in March, with the market expecting an increase of 8.4% on an annual basis, from the previous 7.9% and a + 1.1% growth on a monthly basis. The flare-up in prices and the possible repercussions on central banks continue to push yields up, with the US ten-year over 2.8%, the highest since 2018. A boom that does not spare even Europe. In the morning, the spread between BTP and Bund widens, compared to yesterday’s closing, to 165.9 points with the Italian ten-year yield standing at 2.49 percent.
The mad rush of inflation
by Vittoria Puledda, Raffaele Ricciardi
Europe is therefore starting to decline as mentioned. Milano loses 1.18%, London the 0.82%, Frankfurt 1.74% e Paris 1.34%. In the spotlight Atlantia, after yesterday rumors about an imminent takeover bid by the Edition-Blackstone tandem aimed at delisting from Piazza Affari were chased. In Asia, Tokyo closes down. The Nikkei benchmark index lost 1.81% while the Chinese lists moved in the opposite direction.
On the currency market it yen The weakening phase continues, settling at the lowest since June 2015 at the exchange rate against the dollar, at 125.60, and at a value of 136.40 against the euro. On the other hand, the euro / dollar exchange rate fell to 1.08
Among the raw materials, the petrolium rises at the start of the markets: the WTI changes hands at 96.56 dollars a barrel (+ 2.41%), while the Brent is at 100.73 dollars with an increase of 2.28%). Gas prices are also on the rise: futures traded in Amsterdam move up to 103.30 euros per megawatt hour, up 3.16 percent.