MILANO – The hypothesis of a Biden-Putin summit on the Ukrainian question reassures investors who are oriented to positively open the trading week. Futures on European markets are moving higher, like those on Wall Street (but the American stock market celebrates President day and remains closed today): Frankfurt shows a gain of 0.42%, London rises by 0.35%. The Eurostoxx 50 future marks + 0.37%.
However, it remains an extremely tense and volatile phase and this is evidenced by the weak closing of Tokyo which this morning lost 0.78%, to 26,910.87, with a loss of over 200 points. On the foreign exchange market, the yen changed little at 114.90 against the dollar, and at 130.60 against the euro.
Quotations ofeuro a slight gain on the dollar in morning trading, with the common currency reaching 1.1367, compared to the previous 1.134. The euro also improved against the yen at 130.66, against 130.57 on Friday.
The news, which came overnight, of the Biden-Putin summit on Ukraine blocks the run of the Petroleum which, until that moment, had risen by over 2%, reaching 93 dollars. Texas WTI is now trading at $ 91.1 a barrel, the same level as Friday, while Brent is down 0.2% to $ 93.3.
Among the macro data of the day it should be noted that i producer prices in Germany in January they recorded a growth of 2.2%, against the peak of + 5% recorded last December. The consensus, however, was + 1.5%. The Federal Statistical Office notes that with this month’s increase, the producer price index for industrial products increased by 25.0% compared to January 2021. This is the highest increase ever recorded compared to the corresponding month. of the previous year.