Home » Business » The EU stock exchanges are proceeding cautiously. Stable spread in the 95 point area

The EU stock exchanges are proceeding cautiously. Stable spread in the 95 point area

MILANO – 1:00 pm European markets advance cautiously after the positive opening that seemed to be able to redeem the opaque session on Tuesday, during which Wall Street interrupted a positive streak that had lasted for six days.

Mid-session London marks an increase of 0.4%, Frankfurt is unchanged while Paris salt by 0.05%. Milano, after a pass in red, it is fractionally up. In prominence Mediobanca who published growing accounts yesterday, suffers Mps after the maxi-red unveiled this morning.

Trading in Asia was positive and global equities, he notes Bloomberg, have updated their record. To push the prices there are always the two crossed elements of the vaccination campaigns and the pressing of the US president, Joe Biden, to approve the stimuli to the American economy and families.

In Asia, the MSCI Asia ex Japan Index rose 0.8%, surpassing its January peak and reaching its highest level ever. TO Tokyo the Nikkei, which started down, eventually gained 0.2%; Hong Kong was more convinced (+ 1.9%) with Shanghai (+ 1.4%). Yesterday Wall Street closed mixed, today US futures are positive pending the speeches of central bankers, from ECB president Christine Lagarde to Boe colleague Andrew Bailey to conclude with Fed number one Jerome Powell.

In Italy, attention remains focused on the formation of government of Mario Draghi. Yesterday it spread between the BTP and the German Bund there was a pause in the descent path triggered by the former ECB governor and today it is confirmed little moved in the 95 basis points area. The Treasury has auctioned 7 billion BOTs annually maturing on February 14, 2022. The yield is still negative, but has risen to -0.454%, 2 basis points more than in the previous auction on January 12. The request amounted to over 9.7 billion.

The Bitcoin, back from a ride that brought him over 48,000 dollars thanks to Tesla’s move which has decided to invest 1.5 billion, fluctuates on the threshold of 46 thousand. L’euro still gains ground on the greenback and opens higher above $ 1.21 at 1.2125. Euro / yen up at 126.77 and dollar / yen stable at 104.57. The issue on which the markets are concerned remains the plan to support the US economy. The British pound is trading at $ 1.3818, reaching its highest level since April 2018.

The effect of the decline in the greenback is felt on commodities. The prices of the Petroleum they are around 13-month highs and open steadily on Asian markets, with Brent holding above $ 61 a barrel and WTI above $ 58. Supporting the rally was also the commitment of the main crude oil producers to limit production and the hope of a recovery in world demand. Advances in talks on the US fiscal stimulus package and a phased introduction of Covid vaccines globally continue to inject optimism among investors and illuminate the outlook for fuel consumption. Wti crude is trading at $ 58.34 a barrel and Brent is up 0.02% to $ 61.11 a barrel. The prices oforo they stabilized above $ 1,830 an ounce at 1,843.10, consolidating the rebound from the two-month low to $ 1,784, in the wake of a weakening dollar and expectations of the US aid package. Platinum also rallied, rising to its highest level in more than four years. The precious metal par excellence has so far gained 12% in the month to exceed $ 1,200 per ounce for the first time since February 2015.

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