Stock exchanges awaiting the ECB. Wall Street reassured by the Fed

2021-04-08T17:12:05.829Z

The opening of the Milan stock exchange was up by half a percentage point, but by mid-session it returned to parity. Today it is weighed down by declines in the banking, industrial and energy sectors. In the rest of Europe, too, limited progress. On the macro front, good news from Germany this morning, as industry orders in February rose for the second month in a row. Among the main stock exchanges, Frankfurt unchanged, Paris + 0.4%, London + 0.2%. Investors await the minutes of the latest ECB meeting. Yesterday they were reassured by those of the US Fed's mid-March meeting. His advisers said monetary policy must remain expansionary until there are stronger signals on employment and inflation. Futures anticipating the opening of Wall Street are up: the one on the Nasdaq + 0.8%, S & P500 +, 3%, Dow Jones unchanged. Investors at this stage seem more attentive to the opportunities of the infrastructure plan than to the proposed increase in corporate taxes. Among the stocks: higher rises for Saipem and Moncler: both received promotions from investment companies. Greater reductions for two bankers, Banco Bpm (-1.9%) and Unicredit (-2.2%).