by Fabrizio Patti

08 November 2021New day for the European markets after the good closing on Friday. In Milan the Ftse Mib index at -0.17%; Frankfurt on parity, just above London, Paris + 0.30%.

Stronger progress for the Wall Street indices: Dow Jones + 0.55%, S & P500 + 0.31%, Nasdaq + 0.22%. In the early afternoon, Fed Vice President Richard Clarida said that the "necessary conditions" for a rise in interest rates in the United States could be met by the end of 2022, however, stressing that there is still a long way to go.

Among the stocks on Wall Street are those related to infrastructure, such as Caterpillar; this is after the US Congress passed the $ 1.2 trillion "physical infrastructure" plan.

Also in Piazza Affari, today the greatest rise is in a stock linked to construction, Buzzi Unicem, + 3.76%. Tenaris follows, + 3%. The Ftse Mib is closed by Nexi (-2.39%) and Tim (-3.14%), which corrects after the strong increases on Thursday and Friday.

Tesla falls 4.28%, after the poll in which the number one Elon Musk asked his followers on Twitter whether or not he should sell 10% of his shares. 58% of them answered yes.

During the night, the Asian stock exchanges moved in no particular order.

Tokyo closed down 0.35%, after the publication of a synthetic indicator on the state of the economy which recorded the third consecutive decline.

On the other hand, the stock exchanges of mainland China showed a moderate rise, on the wave of the trade balance data released yesterday: exports increased more than expected, imports increased but lower than expected, a symptom of still weak domestic demand.

On the raw materials front, the price of oil rose, with Brent returning above 83 dollars a barrel.

Effect, among other things, of the price increase for Asian buyers announced yesterday by the giant Saudi Aramco, which according to operators proves that demand remains strong.