Bags cautious in opening. Beijing's alarm on the risk of bubbles

2021-03-02T08:45:28.423Z

The stock exchanges open with caution. Yesterday there was a strong rebound, on Wall Street and in Europe, today instead a slight decline at the opening. In Milan, the Ftse Mib index, after + 1.8% yesterday, at the opening marks -0.05%. In the rest of Europe London, Frankfurt and Paris just above par. Trends in tune with American futures: -0.24% those of the Dow Jones, which yesterday however rose by almost 2%. Even better yesterday, the Nasdaq, + 3%. Yesterday's rebound was due to three factors: the green light for the Johnson & Johnson vaccine in America, the first vote in the House in Washington, in favor of the $ 1,900 billion stimulus plan, and lower fears for the recovery of the inflation, a reflection of which was the decline in the yield on the 10-year government bond: 1.42%, after the peak of 1.6% last week. Today's data on retail sales in Germany in January does not help. Analysts' expectations were that they would remain substantially stable compared to December, instead they fell by 4 and a half percent. The main Asian markets also fell overnight, with the exception of Seoul. This is also because a senior Chinese official, Guo Shuqing, chairman of the commission that regulates banks, warned of the risks of a financial bubble, as stock markets and the real economy tend to go in different directions, he said. Among the stocks in Piazza Affari included in the main basket, higher rises for Buzzi Unicem (+ 1%) and Recordati (+ 0.8%), higher falls for two oil companies, Eni (-1.2%) and Saipem (-1 , 36%). In fact, oil is falling, Brent is trading at 63.1 dollars a barrel; in recent days it had touched 67 dollars.