April 26, 2024

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Stocks today, June 27. By contrast, the EU rosters are close to Milan. Highlighting the G7 Forum and central bank governors

Stocks today, June 27.  By contrast, the EU rosters are close to Milan.  Highlighting the G7 Forum and central bank governors

Milan – European stock exchanges are going to mixed ends in a week preparing to cap the worst six months for markets since 1970. The highlight is the Central Bankers Forum that opens in Sintra, Portugal, this evening. From here, important indicators about the monetary policy strategy of the Federal Reserve and the European Central Bank are expected from the respective heads. Jerome Powell And the Christine Lagarde. Meanwhile, as expected, the Russia’s technical failure On external debt, with Moscow unable to pay 100 million interest on foreign-currency-denominated bonds, they were expected to be repaid last May with an additional one-month window, which expires today. Eyes also on the G7where he anticipates a hard line against Putin and perhaps the decisive move to introduce a price for his energy exports.

Milan It starts well but cancels out the gains and eventually drops by 0.69%. London 0.69% salt, Frankfurt 0.52% while Paris It slipped into the red by 0.43%. Observed in Piazza Avari SaipemAnd the On the day of the $2 billion capital increase: It remains on hold for almost the entire duration of the meeting, on the day the €2 billion capital increase begins, and closes with a 43.9% rise in the stock but a 26.4% decrease in equity.

Some tension on government ties with Spread between BTP and German Bund That touches 200 basis points (199 points). The Italian 10-year interest rate is 3.52%, up 11 points. Yields in the “peripheral” countries also rose with Spanish government bonds up 2.6%, up 11 points, and Greece at 3.82%, up 6 points. Close up ofeuro After fears of slowing growth, it affected investor sentiment towards the US currency. Thus the single currency closed higher (+0.6%) at 1.0614 against the dollar and 143.41 against the yen (+0.5%). The dollar also fell against the yen at 135.11.

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also uncertain Wall Streetwhich had started well: At the close of European stock exchanges, the Dow Jones rose 0.16%, the S&P 500 rose 0.18% while the Nasdaq lost 0.13%.

The Asian Stocks They closed higher, with the tourism and consumption sectors leading the gains. Shanghai declared victory over Covid-19 after the city reported no new local cases for the first time in two months. In mainland China, the composite index of Shanghai It ends at +0.9% at 3379.19 points and index Shenzhen It rose 1.1% to 2,216.98 points. to me Hong Kong The Hang Seng Index advanced 2.4% to 22,229.52 points. Tokyo It closed higher with the Nikkei 225 index recording +1.43% at 2,6871.27 points and TOPIX +1.11% at 1,887.42 points.

On the macro front, Standard & Poor’s has lowered its estimate for the growth of the eurozone economy to 2.6% this year and 1.9% for the next (compared to 2.7% and 2.2%, respectively, in the provisional forecast for May), due to “strengthening headwinds”. Inflationary pressures are the main factor behind this downward adjustment, explains the agency, which forecasts inflation at 7% this year and 3.4% in 2023 (compared to previous estimates of 6.4% and 3%). “Consumers are beginning to feel the pressures of their purchasing power,” the analysts wrote. On the other hand, the trend in US durable goods orders increased by 0.7% in May. The number is better than analysts’ expectations, who were betting on a 0.1% increase.

On the commodity front, gas and oil prices are conditioned by the ongoing discussions in the Group of Seven, to work meticulously on the issue of energy-related measures. North Sea Brent contracts for August delivery remained stable at $113 a barrel, while West Texas Intermediate crude is at $107.5. The gas price It is rising and exceeding 133 euros. After peaking at €137,305 at the opening, gas in the Dutch hub Ttf remained up 3.498% to €133.

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Me too’He went It is directly influenced by the discussions that are taking place among the big names on the planet: on the table is the hypothesis of banning all imports of the mineral from Russia. The possibility of raising prices.