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Stock exchanges are at the mercy of central banks. Utility pool, gas drop

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(Il Sole 24 Ore Radiocor)bags Still at the mercy of the central bank’s moves: the increasingly tangible possibility of a new rate hike of 75 basis points by feed it In fact, the upcoming September 21st still weighs heavily Stock Lists, who are awaiting a similar tightening from the European Central Bank, at their meeting on Thursday, September 8. However, indices recovered from their lows andeuro It regained the $0.99 threshold, after a better-than-expected figure in European GDP from the second quarter. Signs of an economic slowdown appeared again from GermanyIndustrial production fell 0.3% m/m in July due to higher energy prices.

gathering service: The sector has made gradual gains thanks to rumors reported by foreign media, that the price ceiling under consideration by the European Union for the renewable energy sector will be 200 euros per megawatt-hour, which is much higher than expectations. Especially weak me Commodity Securitiesalso affected by poor data on trade in china that fuel demand concerns.

Eurozone, GDP and employment better than expected

In the second quarter of the year, GDP in the Eurozone increased by 0.8% sequentially (+0.7% in the EU) and by 4.1% compared to the same quarter of 2021, the first estimate was +0.6% and +3.9%. In the first quarter of 2022, growth was more robust: by 5.4% in the Eurozone and +5.5% in the European Union. In Italy, growth was 1.1%. Employment also rose: +0.4% in both the Eurozone and the European Union compared to the previous quarter.

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Utilities in the spotlight on progress in EU plan

Facilities are driving increases with Rwe flying to Frankfurt, while Hera, Enel, A2a and out of the main basket Erg are marked in Piazza Affari. Sales hit Amplifon (-2.55%), while investors anticipate continued business weakness in the third quarter. Banks also fell, with UniCredit at -1.7%, on the eve of the European Central Bank’s decision on interest rates and while the Fed’s moves remain in the spotlight.

The euro fluctuates at $0.99, awaiting the European Central Bank

The Euro remains under pressure, crushed by the super dollar and swings at the 0.99 threshold, with a slight recovery after better-than-expected European data. Meanwhile, the first The main date is that which European Central Bank : The market appears to be considering a 50 basis point hike more likely than 75. “Such a rise would be considered insufficient to support the single currency, which could accelerate a break of 0.9870 towards a target of 0, 9590,” ActivTrades analysts say. “In terms of technical analysis – they say – remember that the dollar is not running out of strength and important corrective and consolidation moves are needed to be able to consider a reversal which is highly unlikely at this point. What makes the most sense is the steady and slow descent into a sudden final collapse that can push Euro/Dollar towards 0.8225, which is the lowest level ever recorded on October 16, 2000.”

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