MILANO – European stock exchanges restart slightly despite a series of good macroeconomic data. In Germany, industrial production grew beyond expectations (+ 1% from 0.9% forecast on a monthly basis and + 5.7% on a trend basis) and the Ifo index, a thermometer of German industry expectations, scores 27 points from 23 July, a value defined as “high” compared to the long-term average. Numbers that offer signs of hope after the Berlin economy recently showed signs of slowing. From Eurostat, on the other hand, comes the updated estimate of the Eurozone’s GDP in the second quarter, with a growth of 2.2% compared to the previous quarter.
Inflation, commodities, elections: the German locomotive frightened by the slow-motion recovery
by our correspondent Tonia Mastrobuoni
Macro cues are not enough for European price lists, which are all moving below par. Milano yields 0.54% e London what 0.34%, Frankfurt 0.35% e Paris 0.15%. The Asian sector was in the opposite direction: Chinese indices were positive, sustained by the jump in the trade surplus, which grew to 58.34 billion dollars from the 51.05 expected, thanks to an acceleration in exports of 25.6% on an annual basis. The prospect of new reforms with the change of government continues to push the Nikkei a Tokyo, which closed up 0.86% and at its highest since April.
Day to be circled on the calendar for the crypto world: from today in Salvador, Bitcoin will be legal tender like other traditional currencies. A “customs clearance” signal that helps keep cryptocurrency prices stable above $ 50,000. On the front of the more traditional currencies, the euro remains below 1.19 against the American currency and is traded at 1.1879 dollars (from 1.1862 yesterday).
Held in Salvador, Bitcoin becomes a state currency. Between population anxieties and fears of collapses
by Daniele Mastrogiacomo
The jump in the Chinese surplus also pushes the prices of the Petroleum after a declining start to the week linked to price cuts announced on Sunday by Saudi Arabia. In the morning the WTI rose by 0.1% to 69.36 dollars a barrel, while the Brent is tonic and rose by 0.73% to 72.74 dollars a barrel.
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