MILANO – A weak day is still expected for the financial markets, with Asia still worried by the financial woes of the Chinese real estate giant Evergrande and by Beijing’s new squeeze on an economic sector, video games in this case: approvals for the desire for more control. Futures on Wall Street are down, while European futures are mixed.
The uncertainties on the timing of central banks’ tapering and those on the spread of the variants of Covid-19 cause fears for the robustness of the economic recovery and investors prefer caution. Contracts on the Eurostoxx 50 are up by 0.3% while those on the Ftse mib are down by 0.12%. In Piazza Affari, eyes always focused on Generali, after the consultation pact between Caltagirone and Del Vecchio in view of the next assembly. Attention also to the automotive sector after the data on car registrations in Europe this morning.
Weak sitting this morning for the Tokyo Stock Exchange which canceled the gains of the startup to close in negative ground. To push the sales, an investor pause after the rally of the previous days in anticipation of the new political leadership and concerns about the performance of the Asian economies after the Chinese data released yesterday and the indicators on the Japanese trade balance released today. At the end of the trade, the Nikkei index of leading stocks lost 0.62% to 30,323 points and the broader Topix index lost 0.38% to 2,088.20 points.
Today, on the macro front, attention is paid to US unemployment subsidies and retail sales, which are important for monitoring consumption trends. The spread restarts from 100 basis points, while on the currency the dollar recovers and pushes the euro towards 1.18. Oil moved little while gold fell below $ 1,800 an ounce.
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