Milan – The imminent opening of the government crisis with the Five Star Movement You intend not to vote of confidence Regarding the aid decree, negotiations in Avary Square were shaken: Ftse Mib lost 3%. Italian government bond yields rose, with Spread Which rose by 213 points from 206 at yesterday’s close. The 10-year BTP rate is 3.36%.
Meanwhile, the race was stronger than expected US inflation It is fueling markets’ fears of more intense pressure by central banks to counter higher prices, at the expense of economic growth. European listings go down: London falls 1.06%, Frankfurt 1.26% H Paris It is down 1.3%. More optimism in Asia, with Shanghai stopping at +0.79% e Tokyo It closed at +0.62%.
Euro still special after breaking the dollar parity wall lower this morning exchange It is placed just above the minimum at 1.002.
By Flavio Bini and Rafael Ricciardi
On the energy side, the Gas It partially decreased slightly despite the signals sent by Gazprom yesterday, which I suppose Longer Northern Stream 1: In Amsterdam, Europe’s reference market, natural gas is trading at €176 per megawatt-hour, down 2% compared to yesterday’s close. A little bit down for petroleum. West Texas Intermediate crude futures lost 0.74 percent to $95.59 a barrel, while Brent fell 0.52 percent to $99.05 a barrel.
China, urgent meeting on the boycott of mortgage
Chinese banking and supervisory authorities have called for an emergency meeting with lenders due to the growing number of borrowers who are refusing to repay loan installments for unfinished real estate projects. Bloomberg Agency, quoting sources close to the file, reported that the meeting will be held this week with the participation of the Ministry of Housing and Urban and Rural Development, financial regulators and major Chinese banks. The boycott will reverberate in the markets.
Cryptocurrencies, Celsius Network Bankruptcy
Celsius Network, one of the world’s largest platforms for managing crypto assets, is heading for bankruptcy by following the path opened by other small and large digital companies mired in the wave of sales that have hit cryptocurrencies, including Bitcoin in the past. months. The Chapter 11 resumption comes a month after Celsius Network froze its clients’ assets and is an “opportunity to stabilize the company” and undergo a restructuring to maximize value for all shareholders.
The euro is falling, just below the dollar
The euro is retreating and still breathing above the dollar, after yesterday it fell below it as it has not been since 2002, after the release of US inflation data. The euro is now trading at 1.0023 against the dollar, down 0.37%. The European currency is strengthening against the Japanese yen, trading at 138.71 with a growth of +0.36%, while declining slightly against the pound, with the exchange rate now at 0.8452 and a minimum drop of 0.04%.
Saipem Agreement with Saudi Aramco
Saipem and the Saudi construction company Nasser S. Al-Hajri has signed an agreement with Saudi Aramco, as part of the Industrial Investment Programs Initiative, to implement onshore EPC projects in Saudi Arabia through a newly established joint venture.
This was stated in a press release issued by the Italian company.
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