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by Fabrizio Patti
March 17, 2021 Cautious start for the main European stock markets.
In Milan, the Ftse Mib marks -0.1% at 9.30, after an upward start and the progress of half a percentage point yesterday.
In the rest of Europe, London -0.4%, Frankfurt unchanged, Paris -0.25%.
Markets await the speech of the president of the Fed, the American central bank.
Jerome Powell at 7 pm Italian time will speak after the two days of the steering committee of the central bank.
His assessment of inflation risks in the United States is awaited.
Inflation risks are at the center of attention due to the size of the US $ 1.9 trillion stimulus plan launched by Congress.
The yield on ten-year American government bonds, which rose to 1.63%, above the level that in recent weeks had caused a decline in the lists and in particular in the Nasdaq index, is a spy.
Waiting for this speech yesterday, the American stock exchanges were weak, with slight drops for the Dow Jones and S&P 500 indices. The monthly balance, however, is positive, in particular for the Dow Jones (+ 6.12%).
The futures anticipating the opening of Wall Street are slightly negative at the moment, just as the Asian stock exchanges have been little moves overnight.
In Piazza Affari, among the stocks on the main list, higher increases for three bank stocks: Banca Mediolanum (+ 2.2%) and Bper Banca (1.31%) and Mediobanca (+ 1.25%);
higher discounts for Moncler (-1%) and Diasorin (-1.64%).