In Europe, the penultimate session before August 15th gave savers some confirmations. In a hot summer due to the climate, the stock exchanges remain warm despite the very low volumes. During this phase of the market, operators maintain a certain optimism despite the spread of the variant of the pandemic. That the problem is worrying is shown by news that has spread today. From 13 September only vaccinated people will be able to access the floor of the New York Stock Exchange.
But traders prefer to look at economic data. Yesterday the inflation data reassured the markets and pushed the stock markets up sharply. Today was the turn of the initial jobless claims for the US labor market. The data was in line with forecasts and allowed the New York Stock Exchange to open higher, hitting new records. Thanks to this result, the European stock exchanges consolidated the small gain of the morning at the end.
Record-breaking Piazza Affari continues the race thanks to this particular relay
Piazza Affari also closed higher. The Milan Stock Exchange moves in small steps, but it goes. One step at a time, sometimes two, but the ascent is continuous and will soon reach the upper floor, that of the 27,000 points. Today the Ftse Mib (INDEX:FTSEMIB) finished at 26,557 points, gaining 0.38%. The German Dax index did better, closing up 0.7% and approaching the 16,000 point mark. It should be emphasized that this result for the German stock exchange is the all-time high. In Paris, the stock exchange closed with the same gain as the Milan stock exchange. London closed down, losing 0.3%. All in all very limited movements in line with activity that is very limited on the markets.
An interesting factor should be mentioned in Piazza Affari; the daily rotation of the best performing stocks. Yesterday among the best blue chips were banking and construction, the previous session were financials and luxury stocks. Today, it was industrial stocks that pushed the list, with Stellantis and Interpump in the lead, with gains of 2.6% and 1.4% respectively. Thus a record-breaking Piazza Affari continues its race thanks to this particular relay, which can bring prices very high.
Wall Street is a record but how much will it go up?
Returning to the US Stock Exchange, the engine of the world stock markets, sooner or later someone will start wondering how long prices can rise. For some sessions the Nasdaq has been struggling while the Dow Jones seems to have found new life, but it is not difficult to understand why. Approval of the $ 1 trillion infrastructure plan favors many of the companies listed on the Dow Jones. Meanwhile, the S&P 500 continues to grind record after record. For the moment it is not time for declines but sooner or later it will happen. But when will the correction take place? Here is revealed when Wall Street will turn around and prices will plummet.
Deepening
The point about the markets
