The European stock exchanges regain strength after two sessions with a marked decline. The fear of an interest rate hike seems to have subsided for the time being. More likely today the purchases of those who had sold lower in the two previous sessions were triggered.
Today all the European markets, after a still declining start, suddenly reversed the trend in mid-morning. A U-shaped inversion that suggests that suddenly sales have ceased and purchases have returned. Typical phenomenon of very short-term transactions.
An unexpected news affected Wall Street, which drags the European stock exchanges behind it while a stock toasted in Piazza Affari
At the end of the day, the Ftse Mib (INDEX:FTSEMIB) closed up 0.9% to 24,702 points, with an acceleration in the final. But in Europe there are those who have done much better than us. The German stock market rose by 1.6%, the French one by 1.2%, London gained 1%. Yet, beyond the sharp rises today, a certain uncertainty remains on the markets that still does not allow the change of gear.
Today, the stock exchanges accelerated in the afternoon due to news that had a positive impact on the markets. At 2.30pm, the initial claims for weekly unemployment benefits in the US were released. These were lower than last week’s and lower than analysts’ estimates.
Thus the American indices opened positively, dragging the rest of the European stock exchanges behind them. At the time of the close of the exchanges in Europe, the S&P 500 and Nasdaq were gaining over one percentage point.
We have seen how an unexpected news affected Wall Street, which drags the European stock exchanges behind it while a stock toasted in Piazza Affari. In fact, among the blue chips that today stood out in Milan there is Campari. It must be taken into account that the shares come from two weeks of falling prices. But Campari’s jump today, of 2.8%, suggests a new bullish phase.
Prices ended at € 10.36. Exceeding the 10.4 euro mark will push the stock towards the absolute maximum at 10.5 euro. But the feeling is that that will only be a step towards more important goals. On the downside, beware of returns below € 9.8, which would bring the share back to € 9.4.
Deepening
This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department.
–
(Remember to carefully read the warnings regarding this article, which can be consulted who”)
