MILANO – European stock exchanges regain momentum in the final phase of the session after a temporary weakness, with the markets still focused on danger inflation. The signals that emerged from the minutes of the last meeting of the monetary policy committee also contribute to the worries of investors Fed, in which for the first time some board members argued that from subsequent meetings the American central bank should begin to initiate a discussion on tapering, that is, on the progressive withdrawal of asset purchases. At the same time, Fed members reiterated that the price increase recorded in recent months should not scare us because the flare-up observed is “transitory”.
Milano at the end of the day it recorded a gain of 0.88%, supported like the other Europeans by the good performance of Wall Street: at the end of trading in the Old Continent, the Dow Jones rises by 1% and the Nasdaq leads the rebound with + 1.8%. London ends in positive 1%, Frankfurt salt by 1.52% e Paris 1.29%. Tim was highlighted in Piazza Affari, after the quarterly accounts released yesterday. Wall Street is cautiously up at the start, after the US weekly unemployment benefits figure, which falls more than expected to 444,000 units.
On the Asian side indexes in decline with Tokyo which had closed in the morning at -0.19% despite an excellent export figure, which grew by 38% in April compared to last year, in the middle of the pandemic, marking the highest rise in 11 years.
The Bitcoin fails the initial comeback after the heavy losses of the last sessions and in the evening it returns to negative. To affect is the
News that the US Treasury Department wants a tightening on cryptocurrency transactions to combat illegal activities, starting with tax evasion.
Bitcoin, the accusation of the US Treasury: “It favors illegal activities and tax evasion”
by Luca Pagni
They go up theeuro and the pound against the dollar, while crude oil (WTI -0.73% to 62.9 euro) marks the pace, despite the decline in US weekly stocks. Metals are under pressure except for gold (+ 0.57% to 1.88 dollars an ounce).
It drops to 116 lo points spread between BTPs and German Bunds, with the yield on ten-year bonds falling at 1.05% at the end.
Bitcoin’s thrilling roller coaster hovering between digital gold and a tulip bubble
by Ettore Livini
.