(Il Sole 24 Ore Radiocor) – Milan, 11 November – European stock markets are trying to shake off the weakness following the US elections and are preparing to open the week in positive territory. While awaiting new data on US inflation, due on Wednesday, and the interventions of numerous Fed officials, in particular President Jerome Powell on Thursday, investors continue to evaluate the potential consequences of Donald Trump’s return to the White House. His electoral victory, meanwhile, continues to give wings to Bitcoin, which is up by 1.4% and exceeds 81 thousand dollars for the first time: it is now indicated at 81,049.57 after a high of 81,899. Returning to stocks, the futures on the Eurostoxx 50 are up by 0.4%, while on Piazza Affari the contracts on the Ftse Mib show +0.53%. Asian stock markets were mixed in light of the Chinese aid package for local administrations, considered by many observers insufficient to relaunch domestic demand and the entire economy of the People’s Republic. Among the main Milanese stocks, all eyes are on Tenaris, which has announced the start of a $700 million buyback. On the currency market, the euro is still falling to 1.0707 dollars from 1.720 at the close on Friday. The single currency is also worth 164.21 yen (from 163.70), while the dollar/yen ratio is at 153.36 (from 152.61): the Japanese currency suffers from the lack of indications from the Bank of Japan on a possible rate rise. On the energy front, the price of oil has changed little with the December future on the WTI at 70.35 dollars a barrel (-0.04%) and the January contract on Brent at 73.95 dollars (+0.11 %). The price of natural gas in Amsterdam fell by 1.5% to 41.8 euros per megawatt hour.
Ppa-
(RADIOCOR) 11-11-24 08:38:36 (0121)ENE 3 NNNN
