MILANO – 1pm. The calm returns to the markets temporarily after a week heavily marked by the intervention of the Fed. A strong nervousness that was still felt on Asian trading, with Tokyo which closed with a heavy -3.29% after losing more than 4 points during the session. The St. Louis Fed chairman on Friday sowed further concern on the markets, who said he saw a first rate hike as early as 2022. An acceleration compared to indications that had arrived just a few days earlier from the bank’s Monetary Policy Committee central US, according to which a first rate hike would come by the end of 2023, a year earlier than initially expected.
In Europe, however, the lists remove worries and all proceed positively halfway through Milano advances by 0.35%, London earns 0.13%, Frankfurt 0.369% e Paris 0.25%. Piazza Affari remains positive despite the detachment of dividends by 7 big companies which is worth -0.23%: Snam, Terna, Poste Italiane, Pirelli, Stmicroelectronics, Telecom Italia and Exor
The reflections of the Fed’s words continue to be felt on the currency market with the dollar which continues its strengthening against other currencies. The euro thus opens below 1.19 to 1.1862 dollars and 130.31 yen. The Dollar Index, the index that measures the value of the dollar against a basket of international currencies, has grown by more than 0.43% in the last few hours, to 92.28 points, marking the record since mid-April , after jumping last week by nearly 2% on a weekly basis.
Among commodities, the prices of the Petroleum. WTI crude oil gained 0.43% at $ 71.95 a barrel; Brent changed hands at $ 73.73 per barrel, up 0.30%. Gold recovered slightly, collapsing on Friday after the latest indications from the. The ingot with immediate delivery is now changing hands at 1,776.4 dollars an ounce, up by 0.7%.
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