MILANO – The global stock exchanges oscillate at the record levels reached in recent sessions, when the bet on the restart led by the United States found a new optimism in the forecasts of the International Monetary Fund, which has improved the recovery estimates thanks to the maxi-stimuli of the Biden administration.
European stock exchanges closed weak after the session that led the Euro Stoxx 600 index to recover its pre-pandemic levels. Milano it fluctuates above and below parity and at the end of the session it lost 0.08%. Frankfurt slips by 0.17%, Paris file 0.1% while London advances by 0.89%. Little move too Wall Street: at close of trade: the Dow Jones advanced by 0.05%, the basket of Nasdaq technology stocks left 0.07% on the ground while the S&P 500 index advanced by 0.14%.
Uncertain morning for the Asian squares, which moved mixed: Tokyo it gained 0.12%, Seoul 0.4%, Hong Kong lost 0.9% and Shanghai 0.1%.
The markets remain concerned about the volatility of the US government bond market and the risk of a resumption of coronavirus cases, as well as the possible bubble of securities. loans in China. Some also fear that a surge in inflation will push the Federal Reserve to raise interest rates sooner than expected, that is, before 2023, and are awaiting the new minutes of the US Central Bank meeting to see more clearly.
Several appointments on the agenda today Wednesday 7 April 2021.Thanks to the record increases recorded in March by manufacturing production, the Overall SME of the Eurozone is growing again. The Ihs Markit SME Index rose from 48.8 to 53.2, above the expected 52.5 points. It is the top since last July. The services component is advancing but remains below the threshold that separates expansion from economic contraction: 49.6 points, 50 is missing. As regards Italy, the composite SME scores 51.9 points in March and instead falls that of services at 48.6 points.
On the currency market theeuro it closed higher at $ 1.19 and touched its highest level since March 24, further moving away from last week’s five-month low of $ 1.17. The European currency changes hands at 1.1901 dollars and at 130.45 yen. Dollar / yen down to 109.63.
It spread between BTP and German Bund it is confirmed just above 100 basis points at the end of the day. The Treasury has set the amount of the 50-year BTP, March 2072, at auction at 5 billion euros and that of the seven-year BTP at 7 billion. At the close of the books, the total demand amounts to a total of 130 billion: 64 billion the first, 66 billion the second.
Among raw materials, at the end of the European session the price of Petroleum it is down but reduces losses after data on weekly crude oil stocks in the US, which fell by 3.5 million barrels per day. At Nymex, Light crude Wti returns above 59 dollars and is trading at 59.16 dollars a barrel, losing 0.29% while in London Brent leaves 0.22% on the ground and changes hands at 62.60 dollars at barrel.