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by Paolo Gila

July 27, 2021A weak session for all share markets, which were affected by the restrictions initiated by Beijing on certain activities such as High-Tech and education, to revive domestic consumption and to counter the advance of foreign multinationals on their territory . Investors now fear a reduction in trade and have chosen to lighten risk instruments such as equities. In this climate, Wall Street opened down (Dow Jones -0.51% and Nasdaq - 1.84% at 17.30 Italian time). At the end of a mixed day, Milan lost 0.83% while London, Paris and Frankfurt fell by about half a point. Capital took refuge on German bunds, which showed an increasingly decreasing yield, at -0.44%.On the other hand, there were no repercussions on raw materials such as gold, which remained stable at 1800 dollars an ounce and on oil, which remained stable at 72 dollars a barrel (for the WTI type). Flat calm also for the euro, always just above 1 and 18 against the dollar.