MILANO – European stock exchanges were up for a while, mainly supported by the easing of concerns about the Omicron variant, with White House adviser Anthony Fauci saying that “there are encouraging signs on the symptoms of the Omicron variant and the severity of the disease”. Words that have fueled optimism on Wall Street, which in turn has dragged the European stock exchanges. On the other hand, indiscretions from the Wall Street Journal, according to which the Fed would be ready to anticipate the withdrawal of stimuli in March, initially scheduled for June, in March, with a rate hike that could come as early as spring.
Approaching the closure, Milano salt of 2.11%, Frankfurt marks + 1.38%, London +1,48% e Paris + 1.63%. Good as said Wall Street, with the Dow Jones rising by 1.7% while the Nasdaq remains just below par. In Asia, the indices all ended lower on fears of a new government squeeze against the hi-tech sector, with Shanghai losing 0.5% and Shenzhen down -1.22%. The Hang Seng Tech index, the indicator of Chinese tech giants traded in Hong Kong, fell as low as -2.9%, hitting its lowest level since its launch in July 2020. Tokyo, which ended the session, also fell. at -0.36%. “We are in this contradictory situation where there are concerns about an increase in rates linked to the economic recovery (in the United States, ed), and at the same time fears about the effects of the Omicron variant on this same recovery” summarized Shoji Hirakawa of Tokai Tokyo. Research Institute.
However, the wait is concentrated on the weekend, when inflation data will arrive from the United States in November, an indispensable basis for the Fed to define the timing and methods of its monetary policy strategy. The data arrived in Germany today from orders to industry is not encouraging, down 6.9% on an annual basis in October
On the foreign exchange market, l’euro closes down on dollar at 1.1268 (-0.39%), while against the yen it is up to about 127.84. The ‘greenback’, on the other hand, is gaining ground against the Japanese currency at 113.45
Opening down for it spread between ten-year BTPs and German Bund counterparts. The differential stood at 128.4 points, down from 130 at the close on Friday. The yield on Italian bonds dropped to 0.891%.
Finally, the prices of the Petroleum: in the afternoon in New York, WTI crude oil contracts are trading at 68.37 dollars, up 3.18%.
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