Slightly higher opening for European stock exchanges. Milan up 0.18%; slightly more contained rise in Paris and Frankfurt, slightly down in London. While it is a positive day for the Asian markets. With Tokyo closed for holidays, the Chinese stock exchanges are up by almost 1%, Hong Kong by 0.29%. Operators reassured by the inflation data in China, which fell to 1% in July, effectively leaving the door open to new monetary stimuli. On the other hand, the numbers of the pandemic in the country continue to worry: the new infections returned today above 120 in a day, regional companies have canceled many internal flights and over 140 urban areas have introduced restrictions on travel, public transport and taxis. A'uncertainty that has an immediate effect on the commodity markets and in particular on the price of oil, which continues to fall: Brent, after a week of slow decline, has returned below the threshold of 70 dollars a barrel, at 69.08. The decline is also affected by the strengthening of the dollar, which rose to a four-month high against both Pacific currencies and the euro: the single currency, which touched 1.19 a week ago, is now worth just over 1 dollar. and 175.which a week ago touched 1.19, is now worth just over $ 1 175.which a week ago touched 1.19, is now worth just over $ 1 175.
Share
by Chiara Rancati
09 August 2021Opening slightly higher for European stock exchanges.
Milan up 0.18%;
slightly more contained rise in Paris and Frankfurt, slightly down in London.
While it is a positive day for the Asian markets.
With Tokyo closed for holidays, the Chinese stock exchanges are up by almost 1%, Hong Kong by 0.29%.
Operators reassured by the inflation data in China, which fell to 1% in July, effectively leaving the door open to new monetary stimuli.
On the other hand, the numbers of the pandemic in the country continue to worry: the new infections returned today above 120 in a day, regional companies have canceled many internal flights and over 140 urban areas have introduced restrictions on travel, public transport and taxis.
An uncertainty that has an immediate effect on the commodity markets and in particular on the price of oil, which continues to fall: Brent, after a week of slow decline, has returned below the threshold of 70 dollars a barrel, at 69, 08.
The decline is also affected by the strengthening of the dollar, which rose to a four-month high against both Pacific currencies and the euro: the single currency, which touched 1.19 a week ago, is now worth just over 1 dollar. and 175.
