The inflation data in the United States, above expectations, did not cause earthquakes in the markets. Consumer prices rose by 5.4% in May, after + 5% in May. The consensus of the economists was a slight decline. Little movements also on long-term US government bonds; Investors are likely considering the rise in consumer prices to be temporary. Yesterday the lists however fell, both in the United States and in Europe: yesterday minus 0.5% for the Italian stock exchange, which today opens slightly up: + 0.14%. In the rest of Europe the minus sign prevails: -0.51% for the Ftse100 in London, -0.24% for the Dax in Frankfurt, -0.16% for the Cac40 in Paris. After the release of the first 25 billion euros of the Recovery Plan for Italy, yesterday the spread fell by 2 basis points, to 100.Opening today it rises to 101, with the yield of the ten-year Italian BTP at 0.73%. During the day there is expected for the hearing of the governor of the American central bank, Jerome Powell, in the Chamber and for the quarterly accounts of four large US investment banks: Bank of America, Wells Fargo, Citigroup and Blackrock. Yesterday the first three responses, for Goldman Sachs, Jp Morgan and PepsiCo, were positive: the results of the second quarter were in all three cases above expectations. Among the securities of the Ftse Mib in Milan, today the highest rises for Tenaris (+ 2.3%), followed by StMicroelectronics (+ 1.9%). Major falls for Recordati, Inwit (-0.85% for both stocks = and Banco Bpm (+ 0.9%).Hearing of the governor of the American central bank, Jerome Powell, in the House and for the quarterly accounts of four large US investment banks: Bank of America, Wells Fargo, Citigroup and Blackrock. Yesterday the first three responses, for Goldman Sachs, Jp Morgan and PepsiCo, were positive: the results of the second quarter were in all three cases above expectations. Among the securities of the Ftse Mib in Milan, today the highest rises for Tenaris (+ 2.3%), followed by StMicroelectronics (+ 1.9%). Major falls for Recordati, Inwit (-0.85% for both stocks = and Banco Bpm (+ 0.9%).Hearing of the governor of the American central bank, Jerome Powell, in the House and for the quarterly accounts of four large US investment banks: Bank of America, Wells Fargo, Citigroup and Blackrock. Yesterday the first three responses, for Goldman Sachs, Jp Morgan and PepsiCo, were positive: the results of the second quarter were in all three cases above expectations. Among the securities of the Ftse Mib in Milan, today the highest rises for Tenaris (+ 2.3%), followed by StMicroelectronics (+ 1.9%). Major falls for Recordati, Inwit (-0.85% for both stocks = and Banco Bpm (+ 0.9%).they were positive: the results for the second quarter were above expectations in all three cases. Among the securities of the Ftse Mib of Milan today the highest rises for Tenaris (+ 2.3%), followed by StMicroelectronics (+ 1.9%). Major falls for Recordati, Inwit (-0.85% for both stocks = and Banco Bpm (+ 0.9%).they were positive: the results for the second quarter were above expectations in all three cases. Among the securities of the Ftse Mib of Milan today the highest rises for Tenaris (+ 2.3%), followed by StMicroelectronics (+ 1.9%). Major falls for Recordati, Inwit (-0.85% for both stocks = and Banco Bpm (+ 0.9%).
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by Fabrizio Patti
14 July 2021The data on inflation in the United States, above expectations, did not cause earthquakes on the markets.
Consumer prices rose by 5.4% in May, after + 5% in May.
The consensus of the economists was a slight decline.
Little movements also on long-term US government bonds;
Investors are likely considering the rise in consumer prices to be temporary.
Yesterday the lists however fell, both in the United States and in Europe: yesterday minus 0.5% for the Italian stock exchange, which today opens slightly up: + 0.14%.
In the rest of Europe the minus sign prevails: -0.51% for the Ftse100 in London, -0.24% for the Dax in Frankfurt, -0.16% for the Cac40 in Paris.
After the release of the first 25 billion euros of the Recovery Plan for Italy, yesterday the spread fell by 2 basis points, to 100. Today at the opening it goes back to 101, with the yield of the ten-year Italian BTP at 0.73 %.
During the day there is expected for the hearing of the governor of the American central bank, Jerome Powell, in the Chamber and for the quarterly accounts of four large US investment banks: Bank of America, Wells Fargo, Citigroup and Blackrock.
Yesterday the first three responses, for Goldman Sachs, Jp Morgan and PepsiCo, were positive: the results of the second quarter were in all three cases above expectations.
Among the securities of the Ftse Mib of Milan today the highest rises for Tenaris (+ 2.3%), followed by StMicroelectronics (+ 1.9%). Major falls for Recordati, Inwit (-0.85% for both stocks = and Banco Bpm (+ 0.9%).
