MILANO – Weak futures in a half-day service for the equity markets, which remain without the London and New York references closed for Spring Bank and Memorial Day holiday respectively. The indications of a slowdown in the Chinese economy weighed on Asian trade and led the opening of the Old Continent to the downside: in Japan, prices remained depressed also due to the possibility that the anti-Covid state of emergency will be protracted.
In Italy, the agenda is full of important events for the markets: the governor’s final considerations Visco, the publication of the new economic report of theOECD, the assembly of Atlantia for the sale of Autostrade to Cassa Depositi e Prestiti, the data oninflation in Italy and other economies.
Bankitalia, Visco’s final considerations between recovery and the need for reforms
Among the currencies, the Bitcoin trading below $ 35,000 after the backlash on Friday, when Japanese governor Haruhiko Kuroda warned of the fund’s volatility and speculative trading. The Financial Times opens its today’s edition, moreover, by telling how the authorities of the American markets are committed to finding a containment for the explosion of cryptocurrencies: for now it is a coordination between different subjects, but the will to regulate the sector is clear.
The Bitcoin dilemma: currency of the future or a bubble that will sooner or later burst
by Mario Platero
From the macro front it emerges that Beijing could have reached the peak of the recovery speed, say – as mentioned – the data on the Chinese manufacturing sector Published by the National Statistics Office: The Purchasing Managers’ Index (PMI) for the Chinese manufacturing sector reached 51 in May, slightly down from 51.1 in April. A reading above 50 indicates expansion, while a reading below reflects contraction: growth remains, therefore, but only slightly.
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