Home » The Stock Exchanges today, April 29, 2021. Positive prices on the boost of Fed, Biden and quarterly accounts

The Stock Exchanges today, April 29, 2021. Positive prices on the boost of Fed, Biden and quarterly accounts

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MILANO – 9.20 am. The lists in Europe and the United States are expected to be a positive day, after the good performance of trade in Asia. Three factors drive equity purchases: yesterday there Federal Reserve he reassured that it is not yet ready to withdraw its stimulus and that purchases of securities on the market will continue, as inflationary pressure is judged to be “transitory”. President Joe Biden has put his $ 1.8 trillion plan to boost social spending and contemplate increasing taxation on the wealthiest population on the congress table. Finally, companies like Apple and Facebook, along with the Korean Samsung, have released accounts that are booming.

The triumph of Big Tech: record budgets even after the lockdowns

by our correspondent Federico Rampini


Europe starts off on the right foot: London marks + 0.61%, Frankfurt is up by 0.18% e Paris earns 0.47%. Milan is also positive at the start but then quickly repositions itself close to parity.

In the wake of these considerations, Tokyo it gained 0.21% and Hong Kong rose 0.77%, while Shanghai gained 0.31%.

On the macroeconomic front, indications on American GDP and requests for unemployment benefits are expected.

Finally, among raw materials, the rise in Petroleum in Asia with the WTI on the edge of 64 dollars. US crude oil rose 0.23% to $ 64.01 a barrel and Brent rose 0.33% to $ 67.49. Yesterday US weekly inventories rose 90,000 barrels to 493.1 million barrels, less than expected. The prices are also affected by the decision of OPEC + to leave the production policy unchanged by postponing the meeting to June 1st. L’oro on the other hand it is stable on the markets: metal
with immediate delivery it changes hands at 1780 dollars an ounce with a variation of -0.07%. The price run does not stop copper, driven by the global demand for conversion to electricity, a sector in which it is widely used and by the abundance of liquidity that is looking for sectors to invest in. On the London market, prices rise by 1.2% to 9997 dollars a ton, thus approaching the record of 10,190 dollars set in February 2011.

See also  The stock exchanges today, June 2nd. Oil, it's up to OPEC: Saudi Arabia ready to replace Russian production. The EU lists are trying to rebound

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