MILANO – European prices are trying to rebound after a difficult Monday, marked by concerns about the health situation in China and the consequent lockdowns. The Central Bank of Beijing has pledged to support the economy put to the test by Covid again, ensuring that it will strengthen the “prudent support” of monetary policy to the real economy at risk of braking, in particular to small businesses affected by Covid-19 . China “will maintain reasonably ample liquidity and stimulate a healthy and stable development of financial markets,” said the Pboc in a note on its website, answering a question from the newspaper Financial News on fluctuations in the financial markets. In addition, PBOC will add another 100 billion yuan ($ 15.3 billion) to support coal development by increasing storage capacity.
Futures on European markets are up after the Asian equities index returned to positive after four sessions of decline. The fall in US government bonds, together with the dollar, and the recovery of oil are also signs of a relaxation of the climate on the markets. Futures on the Eurostoxx mark + 0.25%, those on the Dax index + 0.20% and those on the Ftse 100 index + 1%.
Also the directions on Wall Street are positive: last night, after a difficult day, the Dow gained 0.7% with a backlash.
In Asia, Tokyo finished trading with a growth of 0.41%. On line Shenzhenwhile Hong Kong it rises by almost 1%.
The quarterly reports are supporting investor sentiment. In the United States, eight out of ten budgets have so far exceeded expectations. And today we look to Google. In Europe, however, the publication of the accounts of HSBC, UBS and Santander went better than expected But the Musk-Twitter operation remains at the center of attention. As a note Bloomberg, the South African entrepreneur has made it clear that the 44 billion operation will be financed by banks for 13 billion, with a loan obtained from the same company as the Twitterers, while another 12.5 billion see a package of its Tesla shares in pledge. “But details on the remainder are missing,” says the financial agency.
Among the raw materials, the prices of petrolium they are up on the Asian markets, after the sharp falls recorded yesterday. The WTI earns 1% at 99.55 dollars a barrel, thus remaining below the threshold of 100 euros to which it slipped yesterday for the first time since 11 April. Brent rose by 1.34% to 103.69.