MILANO – 11:30 am. Wall Street appears to be crediting the Fed’s assurances that US inflation – which jumped to 5% and above expectations in May – is mainly driven by temporary factors. At least this is how you can read the record set last night by American exchanges, where the S & P500 gained 0.5%, exceeding the highs of May 7, while the Dow Jones rose by 0.05% and the Nasadq by 0. 78%. Even the US 10-year yield, which in recent days was traveling towards the lows from March of 1.43%, after an initial flare-up has all in all held its positions.
European stock exchanges open in cautious progress, also thanks to the support of the ECB which, despite some initial discussions on the bond purchase plan, confirmed its “very accommodative” policy and also the accelerated pace of bond purchases in the third quarter of the year. ‘year. Milano is just above par, Frankfurt salt of 0.11%, London is more decided at + 0.54% e Paris adds 0.43%.
In Asia, the day was cautious, with divergent trends: Tokyo it closed practically flat (+ 0.03% for the Nikkei) while Hong Kong rose by 0.53%, Shanghai lost 0.3% and Seoul advanced by 0.67%.
It spread between 10-year BTP and German Bund it opened steadily on the electronic markets compared to yesterday’s closing at 105 basis points. The yield on the Treasury product, which stands at 0.78%, is still below the 0.8% threshold. Soft start foreuro which changes hands at $ 1.2189.
Among the commodities, the prices of the Petroleum they open down but point to the third weekly increase, on the back of a recovery in fuel demand in Europe, China and the United States, as the increase in vaccination rates leads to a loosening of closures due to the pandemic. On the Asian markets, futures on Light crude Wti fell by 0.43% to 66.99 dollars and those on Brent lost 0.44% to 72.21 dollars. The price oforo is growing: the precious metal with delivery in August is sold at 1.902.40 dollars an ounce with a growth of 0.32%. Silver for July delivery is trading at $ 28.27 an ounce with a rise of 0.85%.