(Il Sole 24 Ore Radiocor) – The European stock exchanges they are all in negative territory, after a strong start and after the gains on the eve of the day. They’re not enough the Fed chairman’s attempts at reassurance Jerome Powell on the trend of the economy to support equities and futures on American indices are also weak, after two sessions of rally. Concerns about the conflict in Ukraine and its possible effects on growth prevail: Hopes for a deal have faded, with the Kremlin spokesman denying that the parties are getting close to a possible deal.
The market fears a slowing economy
The Fed chairman, Jerome Powellhe called the US economy “very strong”, judging it capable of overcoming the monetary policy tightening. The US central institute has raised interest rates by 25 basis points for the first time since 2018 and is preparing to do so again at each of the next 6 summits scheduled for 2022. However, the reassurances “do not seem to be fully shared by the market”, Mps Capital Services analysts say. “Given the flattening of the curves (the 5-10 year stretch went negative for the first time since 2020), the market is operating in the direction of a future economic slowdown”.
The banks ballast Milan, runs Diasorin
At Piazza Affari the FTSE MIB is down and the DAX 30 of Frankfurt and the CAC 40 Paris. Above all, banking stocks are weighing in on the Milanese stock market, with Banco Bpm, Unicredit e Intesa Sanpaolo in the queue, confirming a strong rise Diasorin after the publication of the 2021 accounts and the confirmation of the guidance, with the company not seeing any impacts from the war in Ukraine. Also good Saipemwhich has won a new $ 325 million contract in Norway, Iveco Group e Interpump Groupas it loses ground Buzzi Unicem.
Russia, dollar interest paid on two overdue bonds
Russian Finance Minister Anton Siluanov said in an interview with the state television network Russia Today that the country paid interest on the two bonds in dollars, which had to be paid by Wednesday. Russia had to pay 117 million dollars of interest on two issues denominated in US dollars. “The possibility or impossibility of completing the payment in foreign currency does not depend on us” added the minister, specifying that “we have the money, we have made the payment and now the ball is in the other field and in particular in that of the US authorities “.
Earlier the same holder of the Russian finance had indicated the possibility that the interest payments on the bonds were made by Moscow in rubles with the consequence that Russia would be declared in default. Siluanov then specified that the money was paid into the foreign currency account opened at a US bank but that at the moment there was no confirmation that the transaction was executed. The two bonds have a grace period of 30 days therefore, in the event that the payment is not successful, the declaration of default by the creditors cannot be made before next April 15th.
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