Home » The stock exchanges today, July 26, 2021. The lists retrace after the records of Wall Street. Amazon pushes Bitcoin

The stock exchanges today, July 26, 2021. The lists retrace after the records of Wall Street. Amazon pushes Bitcoin

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MILANO – 11:40 am. A cautious start to the week for Western markets, with early trading in Europe and futures on Wall Street falling after the recent records of the American lists. Milano it rises slightly in the middle of the morning and reaches -0.06%, in line with the main markets of the Old Continent: Paris -0,5%, Frankfurt -0,6% e London -0,3%.

Investors remain suspended amidst optimism for a season of quarterly accounts that has yielded better than expected results – and is now fully operational in Italy as well – while on the other hand the Delta variant and the problem of the inflation race remain very present. on the table. It is on this last aspect, but also on the recovery in general, that we expect this week Federal Reserve meeting which could give some indication on the next steps: according to economists polled by Bloomberg, the prospect is that purchases of 120 billion a month will begin to slow down next year and that the pace of rate hikes will proceed at an accelerated pace by 2024. “The second half of the year will be in a context of ‘half-full glass or half empty ‘”, precisely between the poles of monetary support and the good corporate performance and concerns about the virus, summarized Virginie Maisonneuve of Allianz Global Investors to the US agency.

Mixed performance for Asian stock exchanges, with the Nikkei of Tokyo which rebounds from 7-month lows and rises 1.04%, recovering the ground lost last week when it was closed for a few days, while closing a lot heavy Chinese stock exchanges. Investors’ concerns about the impact of government regulations that have brought the education and real estate sectors to their knees and the ban on for-profit teaching have brought strong sales on the country’s lists, particularly in the technology sector. , a sector that is worth 120 billion dollars in China. The new squeeze on tech companies has also made itself felt: from Beijing came a blow to Tencent, which, after the purchase of a majority stake in rival China Music in recent years, actually controls over 80% of the rights of music streaming nationwide and which will now have to close some exclusive contracts. Concerns about the authorities’ increasing control over economic activities reverberated on the stock exchange with Shanghai which moved (-2.34% at the end) in sharp decline together with Hong Kong (-4,13%).

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Opening week on the rise for theeuro, on the currency front, while theIfo index on the confidence of German companies has fallen back surprisingly, signaling the growth difficulties of the German economy struggling with the progress of the anti Covid-19 vaccination campaign. In July it stood at 100.8 (was expected at 102.5). In June the ifo had once again crossed the 100-point threshold, reaching 101.8 points. The single currency is recovering ground against the dollar and the pound. The single currency trades at 1.1779 green notes (+ 0.19%), while against the British currency it is worth 0.8563 pounds (+ 0.33%). The dollar also weakens against the yen, at 110.3, while the euro is trading at 130 against the Japanese currency.

Great attention, again, on the Bitcoin. Following the release of Musk, which has seen improvements in the environmental impact of mining, the process of computers ‘discovering’ new coins, the market has flared up with prospects that Amazon can launch into the crypto sector. The main digital activity is back in orbit for $ 40,000, partly due to the market movement that saw the downward bets fade and partly because the e-commerce giant last week opened the search for a professional profile suitable for developing payment solutions through cryptocurrencies.

Among commodities, week opening lower for Petrolium. Both WTI and Brent lost more than half a percentage point: in particular, American crude oil recorded -0.53% at 71.69 dollars a barrel, while that of the North Sea lost 0.51% at 73.72 dollars a barrel. .

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