MILANO – 9.50 am. European stock exchanges have a strong start in a week with the spotlight on the Fed monetary policy committee meeting, scheduled for today and tomorrow. On the table of the American Central Bank there is above all the inflation issue, with the latest data released last Thursday which highlighted a 5% rise in prices on a trend basis, beyond estimates and now well beyond the 2% target. normally taken into account by central banks. Until now, the Fed has reassured the markets on every occasion that the flare-up of inflation will be temporary and therefore does not plan any corrective action on its expansionary monetary policy, a scenario particularly feared by investors.
The stock exchanges are thus approaching tomorrow’s appointment, at the conclusion of the Fed meeting, all with the plus sign. Milano salt of 0.14%, London grows by 0.49%, Frankfurt 0.63% e Paris 0.46%. It is also good Tokyo on the Asian side, with the Nikkei filing trading at + 0.96%.
In any case, the inflation issue is also taking hold in Europe. In Germany, the final figure for May shows a monthly growth of 0.5% and 2.5% on an annual basis, in line with preliminary estimates. In the morning, the definitive reading of Istat on Italy will arrive, after the + 1.3% seen on a monthly basis.
On the side of cryptocurrencies, Bitcoin manages to maintain $ 40,000 after the umpteenth sortie of Tesla’s number one, who had once again opened up to the use of digital currency, had made its prices soar. The news published by Bloomberg, according to which Goldman Sachs is considering a plan to offer options and futures on Ethereum, the second largest cryptocurrency by capitalization after Bitcoin.
Among currencies, the euro opens slightly above 1.21 dollars, at 1.2125 dollars and 133.45 yen. Opening slightly down for the spread between BTP and Bund, at 102 points against 103 at Monday’s closing and with a 10-year yield of 0.77%.
After last night’s respite, the Petroleum. Texas WTI advanced to $ 71.17 a barrel, up 0.41% while North Sea Brent rose to $ 73.17.
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