MILANO – 10:10 am. Europe starts off as weak as the futures on Wall Street, cautious after the record closures of the American lists recorded last Friday, with the S & P500 that for the fifth week ended in a positive way, in the wake of a labor report that beat expectations . Eyes are now on Wednesday’s US inflation data.
Early in the week, Milano loses 0.15% on Tim profit-taking after network and fund interest rumors revived a stock that was trading at an all-time low. Little moved the others: Frankfurt e London I’m in fractional decline, Paris salt by 0.1%.
The solid US payroll report on Friday included upward revisions for the previous two months and another strong payroll reading. US labor market rigidity, combined with the dislocation of global supply chains should lead to another high reading for US consumer prices, expected on Wednesday, with any upside surprise that could reignite the talk of the strategy. monetary policy to be followed by the Federal Reserve.
The Tokyo Stock Exchange closed the first weekly session down with the Nikkei at -0.35% and 29,507 points, while the Topix lost 0.30% to 2,035 points.
Stable week start foreuro, on the currency front, with the dollar remaining at a one-year high after the data on the US labor market released on Friday. The single currency changes hands at 1.1560 dollars and at 131.30 yen. The dollar advanced against the Japanese currency at 113.57 yen. It should be noted that the Treasury starts the placement of the new one Future BTP, which unless early closure should go on until Friday. Meanwhile, the BTP / Bund spread starts slightly up to 116 basis points from the 115 points of last Friday’s final. There was also a slight increase in the yield of the ten-year benchmark BTP which marked a first position at 0.89%, from 0.88% at the previous closing.
Future BTP, Treasury sets minimum rates. This is how the bonds that bet on Italy’s growth work
by Vittoria Puledda
Among the commodities, the prices of the Petroleum are up in the wake of OPEC + ‘s decision to ignore US President Joe Biden’s request to increase production, with Saudi Aramco raising the December official sale price for Arab crude to $ 2.7 a barrel, in $ 1.4 increase from this month. On the Asian markets, the WTI returns above 82 dollars a barrel and changes hands at 82.2 (+ 1.14%) after having lost almost 3% until Friday; Brent, which lost almost 2% last week, is worth $ 83.56 a barrel (+ 0.99%). Aramco on Friday evening raised the official December selling price in Asia for its crude oil, a move that suggests “demand remains strong” as OPEC producer and other coalition members hold the reins on supply. Anz Research noted in a statement.
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