Trump’s backlash doesn’t stop the stock markets. Milan the best

3 ‘reading

The European stock markets are on the rise, despite the uncertainty about the stimulus package to the US economy due to the obstruction of President Trump who has asked for changes to the intervention approved by Congress and has threatened not to sign the measure. Meanwhile, volatility has returned to the high ground: the Vix index, which measures how much it costs to insure itself from a market crash, has risen an average of 13% in the last two sessions on the back of investor fears related to the “English variant” of Covid. . Pfizer and Moderna have communicated that the current vaccine can also stop the mutation of the virus, but they have used the conditional because they are carrying out controls.

London lags behind, the Ftse Mib is the best

Among European stock exchanges, London lags behind, held back by the strong rise in the pound, even if a Brexit deal still doesn’t seem within reach. After the good performance on Tuesday, December 22, the Ftse Mib continues to be the best in Europe. The assets under management stand out, with Banca Mediolanum and Banca Generali in the spotlight, but also industrial stocks such as Cnh, Pirelli and Saipem that have been awarded a contract of 200 million dollars for the construction of an ammonia plant in Israel. In addition to Campari, Banco Bpm has been subverted after Cattolica Assicurazioni’s request for compensation of up to 500 million euros for the exercise of the purchase option to dissolve the joint insurance companies between the two groups. Atlantia has risen: Cdp has updated its non-binding offer for Aspi although, based on what has emerged, the goal is for Autostrade to value itself at the bottom of the 8.5-9.5 billion range that has already emerged.

Loading…

Crude oil, euro / dollar below 1.22

Oil prices still fell sharply after the weekly report by the American Petroleum Institute in which US inventories were estimated to rise by 2.7 million barrels versus analysts’ forecast of a decline of more than 3 million barrels. : the WTI in February fell to 46.4 dollars a barrel, the Brent in February to 49.4 dollars a barrel. The relationship between the euro and the dollar remains below 1.22 (1.2191 at the beginning of the continental markets): yesterday the dollar, also due to the US big data, was the protagonist of a clear recovery of the main currencies . Gold was stable at $ 1,871.45 an ounce in future February,

Tokyo High-tech stocks and vaccines power the Nikkei

Closing by the Tokyo Stock Exchange that benefited from the positive session of the Nasdaq and the consequent rise in the technological stocks of the main list. The Japanese market ignored the news of the progressive rise in coronavirus infections around the world with investors preferring instead to focus on starting anti-Covid vaccination companies in many countries immediately after Christmas. At the end of the session, the Nikkei index registered a 0.33% increase to 26,524.79 points, while the broader Topix index registered a 0.23% increase to 1,765.21 points.

The appointments on Wednesday, December 23

The economic calendar for the day provides data on applications for unemployment benefits in the US at 2.30 pm. The data, which are usually reported on Thursdays, are brought forward one day with a view to the Christmas holidays. It is also expected for the data of the sales of new homes in the US, another thermometer to measure the trend of the first economy in the world whose GDP in the third quarter was revised up in second reading by + 33.4%.