MILANO – European stock exchanges continue to benefit from the “Powell effect” and start again in the morning well oriented in the wake of the new Wall Street records, with S&P and Nasdaq improving their highs. From Jackson Hole, as expected, the president Jerome Powell he indicated the timing for the start of tapering, that is the reduction of purchases by the US central bank, but remaining much more cautious on the increase in rates. Positive Asian lists, with Tokyo closing 0.54%.
Stable it spread: the differential between ten-year bonds and bunds of the same duration rises to 106 basis points, with a yield on the Italian bond equal to 0.64%. L’euro consolidates the gains already made after Powell’s intervention at the end of the week and remains at an altitude of 1.18 dollars: the European currency is also recovering against the pound at an altitude of 0.8573 and on the yen, which changes hands at an altitude of 129, 53.
The moves without a precise direction Petroleum: Wti futures are down, losing 0.26% to $ 68.56 per barrel, while Brent is up 0.18% to $ 72.83
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