The stock markets have recovered somewhat from the lows of the day but remain sharply lower. The Milan Ftse Mib index marks -1.72 percent, in line with the rest of Europe. The worst is Paris, -2.45%, which is weighed down by the declines affecting luxury stocks today. Among the stocks in the sector, the French Kering stands out, -7 per cent. This, according to some analysts, for the words of Chinese President Xi Jinping yesterday: "Excessively high incomes must be regulated," he said, and this suggests an increase in taxes that would damage luxury products. But to determine the falls in the stock markets, which started last night on Wall Street, was the publication of the minutes of the meeting at the end of July of the Fed, the US central bank.The majority of his advisers would like to reduce purchases of securities, one of the main stimulus tools for the economy, as early as 2021, to extinguish the flare-up of inflation. The picture, however, is complicated by the impact of the Delta variant. Yesterday, the data on oil inventories in the United States signaled a slowdown in consumption and the Brent in the North Sea fell, to 66.2 dollars a barrel, a drop of about 3%. At Piazza Affari today, energy stocks are among those that drop the most. The auto sector is also very bad. None of the 40 stocks weighed in the basket of the Ftse Mib are positive at the moment.Yesterday, the data on oil inventories in the United States signaled a slowdown in consumption and the Brent in the North Sea fell, to 66.2 dollars a barrel, a drop of about 3%. At Piazza Affari today, energy stocks are among those that drop the most. The auto sector is also very bad. None of the 40 stocks weighed in the basket of the Ftse Mib are positive at the moment.Yesterday, the data on oil inventories in the United States signaled a slowdown in consumption and the Brent in the North Sea fell, to 66.2 dollars a barrel, a drop of about 3%. At Piazza Affari today, energy stocks are among those that drop the most. The auto sector is also very bad. None of the 40 stocks weighed in the basket of the Ftse Mib are positive at the moment.
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by Fabrizio Patti
19 August 2021 The stock markets have recovered somewhat from the lows of the day but remain in sharp decline.
The Milan Ftse Mib index marks -1.72 percent, in line with the rest of Europe.
The worst is Paris, -2.45%, which is weighed down by the declines affecting luxury stocks today.
Among the stocks in the sector, the French Kering stands out, -7 per cent.
This, according to some analysts, for the words of Chinese President Xi Jinping yesterday: "Excessively high incomes must be regulated," he said, and this suggests an increase in taxes that would damage luxury products.
But to determine the falls in the stock markets, which started last night on Wall Street, was the publication of the minutes of the meeting at the end of July of the Fed, the US central bank. The majority of his advisers would like to reduce purchases of securities, one of the main stimulus tools for the economy, as early as 2021, to extinguish the flare-up of inflation.
The picture, however, is complicated by the impact of the Delta variant. Yesterday, the data on oil inventories in the United States signaled a slowdown in consumption and the Brent in the North Sea fell, to 66.2 dollars a barrel, a drop of about 3%.
At Piazza Affari today, energy stocks are among those that drop the most. The auto sector is also very bad. None of the 40 stocks weighed in the Ftse Mib basket are positive at the moment.
