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by Paolo Gila
Milan09 August 2021 Fears of a widening of the pandemic have contributed to pulling the handbrake on investments. But investors now seem more attentive to the Federal Reserve's monetary policy: after the strong growth in employment recorded in the last month, the US central bank could revise its decision to reduce the purchase of securities and raise rates in advance. In this scenario, the dollar is more attractive, with the euro / dollar ratio falling to 1.17 and 50, while capital has withdrawn from classic safe-haven assets such as gold, which dropped to 1740 dollars an ounce, and oil, with the WTI falling to 66 dollars a barrel. In this context, the equity markets were little moved. Milan closed with a gain of 0.54%, London posted +0,13% while Paris and Frankfurt closed just below par. Against Wall Street: at 17.30 Italian time Dow Jones -0.22% and Nasdaq + 0.12%.