MILANO – The raw materials sector remains in the spotlight, starting with oil: the market records the cyber attack that hit the most important US oil pipeline. But even ferrous materials, which recorded a 10% jump with futures in Singapore, joined the lot of commodities that have been rallies these days, such as copper which has recently updated its all-time highs of over $ 10,600. It is no coincidence that the Bloomberg Commodity Spot Index has risen in 14 of the last 15 days, reaching highs for at least a decade. On the stock markets, meanwhile, an uncertain day is on the air with the EU lists closing in no particular order while on Wall Street the Dow Jones goes above 35 thousand points for the first time, but the Nasdaq gives heavily ground with the tech sold .
Colonial Pipeline under cyber attack, risk of rising prices at the pump
Colonial Pipeline is the most important fuel transport infrastructure on the American east coast: the systems that manage the pipeline were infected Saturday with ransomware, a malicious software that blocks its operation. Pipelines carry refined gasoline and jet fuel along the East Coast from Texas to New York. Commerce secretary Gina Raimondo said the federal government is working to avoid a blockage of supplies. The attack, he notes Bloombergcomes just as the US energy industry is preparing to meet rising fuel demand ahead of air travel resumption, as commodity prices from oil to corn are experiencing a post-pandemic rebound. The affair has also called into question the White House, which has set up a task force that can also use special powers to ensure the flow – through alternative routes – of fuel to the nerve centers of the coast.
Hacker attack on the US maxi-oil pipeline. Oil goes up, East Coast runs out of gas
by Ettore Livini
After the rise in futures prices in the first part of the session, however, WTI crude oil retraces: at the close of the European stock exchanges, the Petroleum WTI drops half a percentage point to $ 64.5 a barrel and Brent falls 0.4% to $ 68.
Uncertain bags, Astm snaps
Coming to the equity markets, the indices close mixed, Milano rises by 0.78%, while the others are down: London goes down 0.06%, Frankfurt grows by 0.04% e Paris 0.01%. Astm on the shields in Piazza Affari: the company’s stock, one of the main motorway concessionaires, rose sharply after Naf2, the vehicle owned by the Gavio family and the Ardian infrastructure fund, raised from 25.60 to 28, 00 euro per share the consideration for the takeover bid launched on the group and extended the subscription period to 24 May.
Two-way too Wall Street: Markets believe central banks’ dovish policy supplement, after weak US employment data on Friday eased concerns about curtailment of the Federal Reserve’s massive stimulus program. And so on the one hand, the Dow Jones flies above 35,000 points for the first time, gaining 0.77% at the end of the trading day in Europe. Instead, the Nasdaq is in sharp decline: the technology sector suffers most from expectations of rising inflation linked to the price of raw materials and the benchmark index slips by one and a half percent.
In the morning, in Asia, the Tokyo Stock Exchange closed the first session of the week up on the heels of the new records hit on Wall Street on Friday by the Dow Jones and the S&P 500. In the background, however, concerns remain about the precarious health situation in Japan, where the daily number of coronavirus cases has continued to grow, breaking records in several departments across the country. Tokyo, where the Olympic Games should open in 74 days, recorded 1,032 new cases on Sunday, exceeding 1,000 infections for the first time since mid-January. The Nikkei gained 0.57% to 29,524.00 points.
Among currencies, theeuro closes slightly above $ 1.21, while the pound jumped supported by the results of the elections in Scotland and a marked improvement in health conditions in the United Kingdom. The single currency changes hands at 1.2159 dollars and 132.20 yen. Dollar / yen up at 108.74. The pound rose to $ 1.4158 on Monday, a two-month high, gaining 1.1%. The spread between BTP and Bund improves slightly in the 114 points area.
Cryptocurrencies on a roller coaster: up Ethereum, down Dogecoin
Cryptocurrencies in fibrillation. On the one hand, there is a new boom for the‘Ethereum, the second cryptocurrency in the world, which leaps by more than + 5% to reach a new record of over $ 4,110. The capitalization of the digital currency stands at around $ 470 billion, and is close to that of the number one bank in the United States, JP Morgan, which has a market value of $ 488 billion. The Bitcoin marks a slight rise traveling above the $ 59,000 threshold, far from the all-time record of $ 64,863.10, attempted in conjunction with the debut on the Nasdaq of Coinbase, a trading platform for cryptocurrencies, on March 14th. The protagonist of the last hours is also the Dogecoin, who was anxiously awaiting the episode of Saturday Night Live with Elon Musk and fell when the South African businessman ironically called it “a scam”: from 73 cents on Saturday it fell to 46 cents, losing a third of its value in 24 hours.
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