MILANO – The glimmers of peace that emerged from the talks in Turkey between Russia and Ukraine only partially support the markets in the aftermath of a session in strong momentum for all the world stock exchanges. After yesterday’s rises, caution prevails today. Other factors also weigh negatively on investors, from the Chinese lockdown decided to curb the advance of Omicron 2 to the acceleration of the Fed’s monetary tightening, which as early as May could decide a rate hike of half a percentage point. Conditioned by these ideas, the European indices start again with a cautious rise. Milano drops 0.26% at start-up, London salt by 0.06%, Frankfurt moves back by 0.66% e Paris loses 0.57%.
Asia up, Tokyo down as the yen strengthened
Increases in Asia are more robust. With trading still in progress, Hong Kong advanced by 1.4%, Shanghai by 1.8% and Shenzhen by 2.4%, while Seoul (+ 0.2%) and Sydney (+0) closed with less marked increases. , 7%). Tokyo, on the other hand, is down, with the Nikkei stopping at -0.8% discounting the rise in the yen, after having touched the lowest in six years at the exchange rate with the dollar.
The euro also goes up
And again on the exchange rate front, theeuro: the single currency is trading at $ 1,111, up 0.2%. A plus sign also against the yen at 135.6 (+ 0.5%). The spread on the other hand, between BTP and Bund it is stable at 148 basis points, the same level as yesterday’s closing. The Italian ten-year yield is barely moved at 2.1%.
Gas and oil are on the rise
Hopes for peace are not enough to slow the rise in oil prices. After yesterday’s drop this morning, the WTI rises to 105 dollars a barrel (+ 0.7%) and the North Sea Brent to 111 dollars (+ 0.7%). Gas prices also rose slightly, on expectations of a colder climate in most of the continent in the coming weeks. At the Amsterdam hub, a European reference, the price rises by 1.08% to 109 euros per MWh.