MILANO – European stock exchanges start down again, crushed by the new flare-up of US yields. yesterday the 10-year rate flew to its highest since June, rising on fears of a strengthening of US inflation with a consequent intervention on the rate front by the Fed. For this reason, the markets are watching carefully the most up-to-date macroeconomic data to test the health of the US economy: the most anticipated is scheduled for Friday, when the employment report for the month of September will be published.
Yesterday’s positive closing of Wall Street, with the technology sector regaining ground on the Nasdaq after the crash on Monday, is not enough to revive Asia, which closes another session in decline. With the Chinese lists still closed for holidays, Hong Kong lost 0.5% at the end of the session and Tokyo closed at -1.05%.
In Europe, the day opens with not encouraging indications from macro data. In Germany, industrial orders in Germany fell by 7.7% in August, above expectations (-2.1%), compared with an increase of 4.9% in July. Milano loses 1.15% at the start, London 0.9%, Frankfurt 1.02% and Paris 1%.
The race does not stop Petroleum, rising again today: in the morning, crude oil for delivery in November is trading at 79.30 dollars with a growth of 0.47%. Brent with delivery in December changed hands at $ 82.93 with an increase of 0.45%.