Home » The Stock Exchanges today, August 31, 2021. EU lists slightly up after the new Wall Street records. But the Delta variant is worrying and China is slowing down

The Stock Exchanges today, August 31, 2021. EU lists slightly up after the new Wall Street records. But the Delta variant is worrying and China is slowing down

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MILANO – European lists pulled by two opposing forces: on the one hand there is Wall Street that knows no rest and also last night brought the S & P500 and the Nasdaq to new records, while the Dow Jones finished weak. Never since 1997 had the first eight months of the year been in such a rush for the top 500 American titles. The latest confidence boost for US trade came from the Fed chairman, Jerome Powell, who said last week that the start of tapering – that is, the reduction of stimuli – is likely by the end of the year, that inflation remains transient and will decline over time; and the rise in interest rates, on the other hand, is still a long way off. Words that reassured investors that the support of the US Central Bank, with its over $ 8.3 trillion budget, will not suddenly vanish. But on the other hand, the uncertainty of the Delta variant of the coronavirus remains: the 7-day average of new daily cases has risen by 5% in the United States, while China is showing signs of concern that are reflected in the slowdown in services, with the relative indicator at a year and a half lows.

The lists of the Old Continent are taking their first positive steps: Milano it rose by 0.1% and remained above 26 thousand points.

Exchanges were mixed in Asia this morning. There Tokyo Stock Exchange recovered from an uncertain start and the Nikkei finished up 1.08% to 28,089.54, gaining 300 points. Trade in the area, however, was characterized more by Chinese issues than by the towing of Wall Street to new records: in China, for the first time since February last year, fears about Covid variants have led to a contraction in services. The data was certified by the SME indices, constructed through interviews with the purchasing managers of the companies. The manufacturing PMI index in China stood at 50.1 in August, down from 50.4% in July and 50.2% expected by analysts, while the PMI services fell to 47.5 from 53. 3 in July, at the lows of the last 18 months, reinforcing the signs of the slowdown in progress by the economy. To these fears must be added the further tightening of Beijing on an area of ​​activity, that of video games, which follows the repeated initiatives on tech and other economic sectors. While the negotiations are still in progress, they are weak Hong Kong (-0,17%) e Shenzhen (-0.72%). In positive Shanghai (+0,12%).

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It spread between BTP and Bund opens stable at 105 basis points compared to yesterday’s closing. The yield of the Italian 10-year rises to 0.61%. The exchange euro / dollar it is close to the highs since the beginning of August, above 1.1800, at the opening of the European markets. The greenback follows government bond yields to the downside. Concerns over China’s slowdown could hold back the single currency’s gains. The euro is indicated at 1.1826 dollars (+ 0.25%). The European currency is also strengthening against the Japanese currency, settling at 129.86 yen (+16 cents). Dollar / yen at 109.21.

Among the raw materials,oro is on the rise this morning in the commodity markets: the precious metal for December delivery is trading at $ 1,819.80 an ounce with a rise of 0.42%. Petroleum essentially stable this morning on the commodity markets: the barrel of crude oil with delivery in October is trading at 69.20 dollars with a decrease of 0.01%. Brent, again with maturity in October, changes hands at 73.31 dollars with a decrease of 0.14%.

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