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(Il Sole 24 Ore Radiocor) – Le European stock exchanges they start cautiously, while investors remain at the window waiting for the interventions of the president of the ECB, Christine Lagarde, and of the number one of the Fed, Jerome Powell, at the Jackson Hole symposium. Markets will be evaluating central bankers’ statements for guidance on the next monetary policy moves on both sides of the Atlantic.
Futures on the Eurostoxx 50 mark -0.1% and contracts on the Ftse Mib of Piazza Affari -0.15%, while in Asia the main stock exchanges are down (Tokyo -2.1%) in the wake of Wall Street’s weakness Yesterday. On the currency market, the dollar is at an 11-week high against the other major currencies: the cross with the euro is at 1.0786 from 1.0829 yesterday. The greenback is also worth 146.14 yen (from 145.71), while the euro/yen ratio is 157.65 (from 157.79). Oil prices rose: the contract on Brent for October delivery rose by 0.61% to 83.87 dollars a barrel and that of the same maturity on the Wti by 0.67% to 79.58 dollars. The price of natural gas in Amsterdam fell by 0.6% to 31.7 euros per megawatt hour.
In Germany GDP unchanged in the second quarter
On the macro front, in the second quarter, Germany’s GDP was unchanged compared to the previous quarter while it fell by 0.2% compared to the same quarter of 2022. These are the final data that confirm the provisional ones already released.
In Tokyo Nikkei loses 2.1% in the wake of Wall Street
Negative closure for the Tokyo Stock Exchange after the fall of the indices on Wall Street, where the technological euphoria around the brilliant results of Nvidia has given way to caution waiting to hear the statements of the central bankers. The attention of investors from various world markets is in fact directed to the annual conference in Jackson Hole, in the United States. In Tokyo, the Nikkei index lost 2.1% to 31624.28 points.
2023-08-25 06:22:30
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