Stock exchanges turn negative, technology stocks badly

2021-02-23T11:16:26.428Z

The stock markets started well after yesterday's decline, but are now down. Milan too: -1.24% mid-session. Only Frankfurt is worse, -1.50%. Utilities (-2%) and technology stocks (-3.9%) are doing badly in Piazza Affari. Stock exchanges follow American futures. This morning they were up, now down again (the Nasdaq -1.8%, the Dow Jones -0.2%), after yesterday the Nasdaq fell by 2.46%. These trends seem to reflect fears about rising inflation and a possible rate hike in response from the Fed, the US central bank. Fed Governor Jerome Powell will speak in the Washington Senate today and could give some indication of the outlook for inflation. Meanwhile, oil continues to run: Brent from the North Sea today exceeded 66 dollars a barrel, only to return a little below, we are at pre-pandemic levels. Among the stocks today, Atlantia is also higher today: +3.75 after yesterday's +4 and a half. This afternoon the offer from Cassa Depositi e Prestiti for Autostrade per l'Italia is expected. Leonardo follows, + 3.30%. Greater discounts for Amplifon and StMicroelectronics.