MILANO – Weak European stock markets are starting with investors’ gaze focused on the trend of the pandemic and on the possible repercussions on the restart of the world economy. To make the picture even more uncertain, more warning signs came from the Fed yesterday, with the chairman of the Atlanta Federal Reserve saying that if positive employment data such as those released last week for another month or two should arrive, the bank anyways should begin to trigger the tapering, that is the reduction of purchases. Important indications for the markets will however arrive tomorrow, when inflation data will be released in July, expected to be slightly down compared to the blaze in June but still above 5%.
In Europe Milano salt of 0.05% ,, London it’s flat, Frankfurt drops by 0.06% e Paris salt by 0.07%. Even in Asia, the lists moved in contrast, with Tokyo – closed yesterday for holidays – which closed at + 0.24% driven by good data from the latest quarterly reports.
Among the currencies theeuro It holds a 4-month low against the dollar on expectations of new moves by the Fed. The European currency is trading at $ 1.1737 after falling to 1.1732. The dollar / yen exchange rate is at 110.37 and the euro / yen at 129.53.
After the maxi braking of the last few days, the Petrolium: WTI crude oil rises by 1.19% to 67.19 dollars a barrel while Brent crude is + 0.96% at 69.70 dollars a barrel.
.