MILANO – European stock exchanges restart weak and uncertain. Investors were nervous about the words of the Fed Vice President, Richard Clarida, which after the repeated reassurances of recent weeks on the maintenance of an accommodative monetary policy by the US central bank has opened up the possibility of a possible rate hike at the beginning of 2023 and the start of the withdrawal of the purchase program already at the end of this ‘year.
This scenario is not appreciated by the markets with the world price lists pointing downwards. In Europe London drops by 0.34%, a Milano the Ftse Mib index marks + 0.1%, Frankfurt loses 0.12% to 15,695 points e Paris earns 0.13%.
Down also Asia, with Tokyo which, however, goes against the current, recovering after yesterday’s decline and closing by 0.52%, remaining however the only positive note in the Far East sector.
Encouraging signs for Europe come from the German macro data, with orders to industry growing by 4.1% monthly, after -3.2% in May, exceeding the 1.9% expected by analysts. In detail, domestic orders increased by 1.1% and foreign orders fell by 6%, especially those outside the EU, down by 9.3%.
After yesterday’s decline following the increase in US stocks beyond expectations, the Petrolium goes up in the morning. On the Asian markets, futures on Light crude Wti increased by 0.25% to 68.32 dollars and those on Brent by 0.2% to 70.52 dollars.
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