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by Fabrizio Patti

Milan 23 July 2021 Fourth day in a row on the rise for European stock exchanges, Black Monday is behind us due to concerns about the spread of the Delta variant.

At Piazza Affari Ftse Mib +0.5 per cent, an increase which coincides with that of the week and which is in line with that of the other main European stock market indices.



Yesterday, the ECB held its first meeting after the strategy review and confirmed that it will be more patient before raising rates: to revive the economy, periods with inflation above 2% will also be tolerated, a level to which, however, we will have to return .



In Asia there were falls overnight, especially for technology stocks. This is after the "regulatory pressure" on Didi (-11.30% yesterday on Wall Street, -27% from the listing at the beginning of July), the Chinese equivalent of Uber that went public a few weeks ago in New York. An investigation into cybersecurity related to the collection of user data followed. Bloomberg wrote that authorities are also considering a forced withdrawal from the stock exchange.



But to influence the performance of the European stock exchanges is the bullish wave of Wall Street. Despite yesterday's negative US unemployment data, the major US indices closed slightly higher, with a positive balance for the week for all three major indices. 



The better-than-expected quarterly reports of some large companies have a positive impact. During the night, the data from Twitter and Snap arrived, which in pre-opening trading rose by 5 and 17 percent respectively.



In Piazza Affari, on the other hand, greater increases for Ferrari (+ 1.7%) and Leonardo (+ 1.6%), greater decreases for Nexi (-0.4%) and Banca Generali (-1%).