European stock exchanges follow yesterday's decline in Wall Street and the Tokyo stock market this night. Starting -0.1% for the Ftse Mib index in Milan. London -0.4%, Frankfurt -0.05%. Last night there was the expected meeting of the Fed, the US central bank. Zero rates and current purchasing policy confirmed. Governor Jerome Powell defined the acceleration in inflation recorded in recent months as temporary (+ 5% the May figure for the annual change) and expected to return to just over 2% starting next year. But 13 of the 18 members of the central bank's executive committee (FOMC) predicted that the rate hike would take place in 2023 and no longer in 2024 as announced by the Fed in March. Wall Street reacted yesterday with a drop in the main lists: Dow Jones -0.77%,Nasdaq -0.24%. Futures that anticipate today's opening are also down. Among the stocks in evidence, in the pre-opening exchanges on the Nasdaq in New York, minus 45 percent for the German biotech Curevac: the anti-Covid vaccine he is working on has given modest results in tests. In Piazza Affari, on the other hand, greater increases for five banks: the best Unicredit (+ 1.63%), followed by Bper Banca, Banco Bpm, Intesa Sanpaolo and Mediobanca. Greater reductions for Italgas (-1.4%) and Enel (-1.5%).the best Unicredit (+ 1.63%), followed by Bper Banca, Banco Bpm, Intesa Sanpaolo and Mediobanca. Greater reductions for Italgas (-1.4%) and Enel (-1.5%).the best Unicredit (+ 1.63%), followed by Bper Banca, Banco Bpm, Intesa Sanpaolo and Mediobanca. Greater reductions for Italgas (-1.4%) and Enel (-1.5%).
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By Fabrizio Patti
Milan June 17, 2021 European stock exchanges follow yesterday's decline in Wall Street and the Tokyo stock exchange tonight. Starting -0.1% for the Ftse Mib index in Milan. London -0.4%, Frankfurt -0.05%.
Last night there was the expected meeting of the Fed, the US central bank. Zero rates and current purchasing policy confirmed. Governor Jerome Powell defined the acceleration in inflation recorded in recent months as temporary (+ 5% the May figure for the annual change) and expected to return to just over 2% starting next year.
But 13 of the 18 members of the central bank's executive committee (FOMC) predicted that the rate hike would take place in 2023 and no longer in 2024 as announced by the Fed in March.
Wall Street reacted yesterday with a drop in the main lists: Dow Jones -0.77%, Nasdaq -0.24%. Futures anticipating today's opening are also down.
Among the stocks in evidence, in pre-opening exchanges on the Nasdaq in New York, minus 45 percent for the German biotech Curevac: the anti-Covid vaccine he is working on has given modest results in tests.
In Piazza Affari, on the other hand, greater increases for five banks: the best Unicredit (+ 1.63%), followed by Bper Banca, Banco Bpm, Intesa Sanpaolo and Mediobanca. Greater reductions for Italgas (-1.4%) and Enel (-1.5%).
