Milan – European stock exchanges rebounded slightly after a busy session, buoyed by fears of a global recession. Piazza Afari gained 1.10% with the Ftse Mib at 20,933 points. Frankfurt scored +1.57% at 12.596 points, Paris +2.03% at 5.912 points and London +1.27% at 7.114 points.
Wall Street also did a good job, turning positive after the release of the minutes of the last meeting in which the Federal Reserve reaffirmed its commitment to halting inflation. At the end of a volatile session, the Dow Jones was up 0.41%, the Nasdaq was up 0.60% and the S&P 500 was up 0.50%.
China’s new partial lockdowns in Asia aren’t helping, with Beijing insisting on a “zero Covid” policy. European gains start on a positive note again. In Asia, Tokyo recorded trading at -1.2%.
Meanwhile, the dollar’s rally continues. The dollar It is trading at 1.025 against the euro, at 135.22 yen and at 1.193 against the pound. Oil is also partially recovering, as yesterday’s champion was from an eight-point drop, with WTI reclaiming the $100 per barrel threshold.
It went stable on startup
Factory orders exceed estimates in May in Germany. The rise was 0.1% compared to an expected decline of 0.6% and a previous decline of 1.8%.
Germany, industry orders better than estimates in May
Factory orders exceed estimates in May in Germany. The rise was 0.1% compared to an expected decline of 0.6% and a previous decline of 1.8%.
Gas landing in Amsterdam
Open to natural gas in Amsterdam Square. The yield on August futures contracts is 7.01% to €153.5 per MWh
Oil recovers $100
After losing 8% yesterday due to fears of recession and slowing demand, oil started to rise again: WTI regains the threshold of $100 per barrel (+0.57%) and Brent crude returns to $104 (+1.2%)
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