(Il Sole 24 Ore Radiocor) – European stock exchanges cautious after recession fears and the prospects of new tightening by central banks on Friday clipped the wings of the attempt to rebound the lists. On Monday, June 20, the Wall Street lighthouse will be missing – closed for the Juneteenth holiday, the day that celebrates the end of slavery – after the heavy losses accumulated last week after the Fed, while the Far East experienced another negative session: for the MSCI Index Asia is the eighth in a row, a negative record since February 2020. On a day that does not promise to be particularly rich in macro data – but two speeches by Fed Chairman Jerome Powell are expected this week – the FTSE MIB it is so little moved and 0.29% held back by the detachment of the dividend by seven big players. Among the main Milanese titles, he stands out Eni after joining the largest liquefied natural gas project in the world in Qatar.
FTSE Mib stock market trend
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Spread stable at 201 points, oil rising
Lo is stable on bonds, close to 200 points spread between BTp and Bund on the MTS electronic secondary market for European government bonds, with Italian bonds benefiting, last week, from the announcements on the ECB’s anti-spread measures. The yield differential between the benchmark ten-year BTp and the same German maturity stands at 201 points, the same value recorded in the final on Friday. The yield of the benchmark ten-year BTp rises slightly to 3.70%, which had marked a last position at 3.69% at the previous closing.
After the collapse on Friday, crude oil recovered 0.4% and reached 113.5 dollars in the August contract for Brent. July gas delivery to Amsterdam bounces 7.8% to 127 euros after new restrictions on supplies from Russia. Bitcoin rebounds decisively and exceeds the 20 thousand dollars mark and then retraces to 19,936, however up by more than 9%. On the foreign exchange market, the euro is back at 1.0525 dollars (from 1.0465 on Friday) while the dollar / yen is at 134.82, falling back from 135.17 on Friday (high for the last 24 years). The euro / yen ratio is at 141.91 (from 141.45).
Tokyo still weak, Nikkei closes at -0.7%
The Tokyo Stock Exchange ended a weak session following heavy losses last week amid uncertainties over the global economic outlook with monetary tightening in the US and Europe. The Nikkei index of leading stocks lost 0.7% to 25771.22 points after opening positive. The broader Topix index fell 0.92% to 1,818.94 points. Analysts say Japanese equities are likely to remain volatile until US equities stabilize.
