by Chiara Di Cristofaro and Stefania Arcudi
The price of gas is stable, while on the currency the euro remains weak and changes hands at 1.0678 dollars
2′ of reading
(Il Sole 24 Ore Radiocor) – The session for the opens under the banner of uncertainty European stock exchanges, who come to terms with the continuous signs of a slowdown in the global economy and turn their attention to next week, when the monthly meetings of the central banks are expected. Investors therefore prefer not to take a position and certainly the data arriving from Asia does not help: Chinese exports fell by 7.5% on the year, the first drop since February and against expectations for -0.4%, a signal weakness of the economies with which trade is more intense, starting with Europe
Germany, +0.3% industrial production in April
In April, German industrial production rose, on an adjusted level, by 0.3% on the month and 1.6% on the year. The monthly figure is lower than the expectations of economists who indicated a more sustained increase of 0.7 percent.
The price of gas is stable: July futures traded in Amsterdam, after having scored a first position at 25 euros per megawatt hour, against yesterday’s close at 24.86 euros, are currently up by 0.5% to 24.98 euros. In terms of currency, the euro remains weak and changes hands at 1.0678 dollars (from 1.069 yesterday) and 148.754 yen (from 149.96), while the dollar/yen cross is at 139.315. Finally, the spotlights are still focused on the issue of the BTP value on bonds, on its third day of subscriptions. Over 10.6 billion euros were raised in the first two days, of which 5.195 billion yesterday. It is the highest amount ever recorded in the first two days of issues dedicated to savers.
Tokyo closes down 1.8%, profit-taking weighs
Profit-taking kicks in in Tokyo, which recorded its steepest drop in 12 weeks after a 4-day rally. Japanese stocks finished lower as, after a positive open, up 0.3%, profit taking dominated the market, weighing particularly on chip-related stocks and other electronics makers. The main Nikkei index lost 1.8% to 31913.74 after climbing to a new 33-year high yesterday. Among the stocks, Renesas Electronics lost 3.9%, Lasertec 5.2%.
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Stephanie Arcudi
Radiocor editor
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Clare Di Cristofaro
Radiocor editor
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