Stock markets today September 11. Positive Europe. Yen jumps, BOJ sees end to negative interest rates

Stock markets today September 11.  Positive Europe.  Yen jumps, BOJ sees end to negative interest rates

Europe slows after EU estimates

Major European stock markets slow after EU economic forecasts for the eurozone. Milan reduced the increase to 0.6%, and was joined by Frankfurt and Paris (+0.56%), Madrid (+0.5%) and London (+0.4%). US futures are positive on inflation next Wednesday, followed by the European Central Bank’s interest rate decision the next day. The dollar remained weak at 0.93 euros, 146.54 yen, 0.79 pounds, and 96.5 rubles.

The spread between German 10-year Bunds and German Bunds rises to 174 points, with the Italian annual yield growing by 2.4 points to 4.36% and the German yield by 2 points to 2.62%. Crude oil fell further (WTI -0.56% to $87 per barrel) while natural gas continued to rise (+9.53% to €37.79 per MWh) due to the continued strike by workers at Chevron’s LNG platforms in Australia. Gold rose slightly (+0.13% to $1,926.12 per ounce).

Banks Mps (+3.16%), Intesa (+2.34%), Banco Bpm (+2.15%), Bper (+2%) and Unicredit (+1.18%) were positive, based on the premise of reducing the tax on additional profits in the passage of the decree. Origins in the Senate. Socgen (+1.4%), BNP (+1.27%) and BBVA (+1.15%) also performed well, while Commerzbank was more cautious (+0.6%).
The increases were confirmed at Stellantis (+1.13%), which initiated the third tranche of the 1.5 billion share buyback announced in February, and BMW (+1.1%). Pandora (+1.24%), Puma (+1.2%), Moncler (+0.7%) and Burberry (+0.52%) performed well, with inflation rebounding in China, which also pushed extractive mining company Anglo American (+3.2%). . ), Boliden and Antofagasta (+3% each). In no particular order, oil companies Eni (+0.96%), Total Energy (+0.7%), Shell (+0.19%), BP (-0.06%).

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