MILANO – Weak start for the European stock exchanges in a final week in which the markets readjust after the words of the Fed on Wednesday, with the US central bank opening to a rate hike as early as 2023, ahead of its schedule . Indications that yesterday pushed the dollar to a nine-month high, with the US currency folding slightly today and the euro returning to $ 1.19 in the morning. On the markets, however, a day with a high rate of volatility is expected, in what investors define the day of the four witches, the appointment in which futures and options on indices and shares expire simultaneously, outlining a day often marked by a large volume of exchanges.
Milano starts by 0.14%, London it’s flat, Frankfurt yields 0.03% e Paris 0.09%. Contrast the Asian financial markets with Tokyo which stops at -0.19% after the decisions of the Japanese central bank to keep its anti-Covid monetary policy measures unchanged until March 2022, and the Chinese indices on a cautious rise.
Commodities in partial recovery after yesterday’s collapse linked to China’s decision to release some reserves of key metals such as copper and aluminum as part of a program aimed at curbing market speculation. A move that had pushed down the main futures in the sector and which are up slightly today, with gold in the morning at + 0.69% and copper at + 0.39%.
The price of oil fell: on the Asian markets, futures on Light crude WTI fell 0.69% to 70.55 dollars and those on Brent 0.79% to 72.51 dollars. The strengthening of the dollar is weighing on the prices after the Federal Reserve said it could raise interest rates in 2023 and the talks between the United States and Iran for a nuclear deal, which would free Tehran’s exports.
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