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by Chiara Rancati

Milan October 14, 2021

Positive start for the European stock exchanges.

Milan rose by 0.63%, in line with Frankfurt and London while Paris rose by almost 8 tenths of a point. 


Two-speed day instead for the Asian stock exchanges. Mainland China was weak, still weighed down by the crisis in the real estate sector, hit by a new series of downgrades after the troubled giant Evergrande missed the third deadline for repaying a bond to international creditors. On the other hand, Tokyo, which closed up by almost a point and a half, driven by the words of a member of the board of the Japanese Central Bank, who said he was cautiously optimistic about the economic recovery and above all ruled out a tightening of monetary policy in the short term, given that inflation remains contained in the country. 


On the raw materials front, the price of oil is rising again: Brent close to $ 84 a barrel after the news that in the United States the stocks of gasoline and other petroleum distillates fell much more than expected last week.