MILANO – 9.05 am. European stock exchanges restart positive, putting aside fears for inflation rises for the moment, after the new record data released yesterday by the US for the month of September, and the details that emerged from the minutes of the last meeting of the monetary policy committee of the Fed. According to what emerged from the minute, the process of reducing asset purchases will be gradual starting in mid-November or mid-December and ending by mid-next year. Contrasting signals arrived on the price front in China: producer prices jumped in September, recording a 10.7% jump on an annual basis, a record for 25 years, mainly due to the rise in the price of coal. The data on consumer prices, on the other hand, are below expectations: in September, compared to the same period of 2020. The Asian sector, however, welcomes these data and the indices all move upwards, with Tokyo closing with a robust +1.46 %.
Europe starts, as mentioned, all oriented towards the upside. Milano salt by 0.6%, London grows by 0.73%, Frankfurt 0.65%, Paris 0.72%. Among the currencies theeuro it has moved little against the dollar this morning and is trading at $ 1.1592 with a drop of 0.02%. On the other hand, slightly up against the yen, it is trading at 131.6200 yen. Opening up to 106 basis points for the spread between BTP and German Bund, with the yield of the Italian 10-year at 0.90% on the secondary market.
Among commodities, the prices of the Petroleum: the barrel of crude oil for delivery in November is trading at 81.11 dollars a barrel, on the highs reached in recent days with an increase of 0.83% on yesterday. Brent is also pointing up: the barrel with delivery in December changes hands at 83.91 dollars with a growth of 0.88%.
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