MILANO – The fears related to the spread of the Omicron variant are easing on the markets. In the wake of yesterday’s robust close on Wall Street, global stock exchanges are all moving in positive territory. In Europe Milano salt by 1.17%, London grows by 0.74%, Frankfurt 1.11% e Paris 1%. In Asia, Hong Kong rebounds after a troubled session yesterday on fears of a new Beijing tightening on the technology sector. In good shape too Tokyo, which closed at + 1.89%.
Investors put aside the concerns related to inflation and possible new moves for the moment Fed. According to what was reported by the Wall Street Journal the US Central Bank could anticipate the rate hike as early as spring, a move not expected before the summer. Important indications in this regard will arrive on Friday, when the United States releases the inflation data in November.
The newfound climate of confidence on the markets is also good for the Petroleum which is regaining ground after the slide of recent days linked to fears of a possible new drop in demand. The WTI of Texas, which had already gained four percentage points yesterday, rises above 70 dollars and is now trading at 70.7 dollars a barrel (+ 1.7%) while Brent advances to 74.7 dollars (+1.4 %).
On the foreign exchange market l’euro it strengthens on dollar and is positioned at 1.1293, up by 0.12%, while rapidly advancing against the yen, trading at 128.41 against the Japanese currency (+ 0.31%). The greenback also made a comeback on the Japanese currency, at 128.41. The pound, for its part, is up against the greenback at 1.3285. euro/yen in calo a 0,8501.
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