The European stock exchanges they start with the brake on a day that will be characterized by the wait for the publication of important American macroeconomic data. After a session of Wednesday 26 June All in all, the market is waiting for indications on unemployment benefits, GDP and orders for durable goods in the afternoon, while in the Friday session the data on consumer spending is scheduled, which is also important to assess inflationary pressures. Meanwhile, the Asian markets experienced a day in general decline with the exception of China after the first meeting between Washington and Beijing on trade since the election of US President Joe Biden.
FTSE Mib stock market trend
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Banks always in focus among the banking risk scenarios
At Piazza Affari the FTSE MIB is on the rise. Among the Milanese stocks with the highest capitalization, purchases support Tenaris e Banco Bpm, the latter always at the center of the scenarios on the consolidation of the sector. At the end of the price list, however, still Banca Pop Er: the hypothesis of a marriage with the Popolare di Sondrio, after the ascent of Unipol in the Valtellina institute, they weigh on the shares of the bank, which sees the other candidate for a possible merger, Banco Bpm, move away. Weak instead Ferrari and Campari.
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Business and consumer confidence at pre-Covid levels
Business confidence in May accelerates strongly compared to the positive trend in place since December 2020, reaching the highest level since February 2018. The consumer confidence index, which has risen for the second consecutive month, is approaching the level of February 2020, signaling a complete recovery from the fall due to the health emergency. In May, therefore, Istat estimates in Italy a marked increase in both the consumer confidence climate index (from 102.3 to 110.6) and the composite index of business confidence (from 97.9 a 106.7). On the other hand, improving, but less than expected German consumer confidence.
Oil down, gold remains at a 4-month high
Oil is weak on the prospect that Iranian production can return to the market if the sanctions on Tehran are lifted. January 8. Stable gold close to yesterday’s highs since January 8. Dollar strengthening below 1.22 for one euro: the euro / dollar ratio is at 1.2192 from 1.2206 closing yesterday.
Tokyo stock market closes down, Covid weighs and takes profits
Closing down for the Tokyo Stock Exchange where trades were affected by fears for the pandemic trend in the country and by taking profits in some key sectors of the list. At the end of the session, the Nikkei benchmark index recorded a decline of 0.33%, reaching 28,549.01 points. Negative session also for the broader Topix index which ended the session at 1,911.02 points, marking a decrease of 0.50% compared to the previous reference.
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