June 30, 2022

Hardwood Paroxysm

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The shutdown for the US Maxi project and the reduction in Chinese prices are drowning out stock markets

(Il Sole 24 Ore Radiocor) – US President Joe Biden’s decision to suspend the maximum infrastructure program and cut the Central Bank of China’s prime lending rate, many observers say, is a reflection of a more significant recession. The future of Asian stock markets and European stock markets will sink more than expected in the economy. Democrat Senator Joe Munch’s “No” to the $ 2 trillion ‘Built Back Better’ project has now removed a factor that was hailed as a fundamental component of the market and the possibility of approval. To support Govt post-recovery. The future of Eurostoxx 50 gained 2.3% and Ftse Mib’s Piazza Affari gained 2.58%, and was weighed down by the lockdown fear associated with the spread of the Omicron variant of the Corona virus. Investors choose to freeze cash on government bonds, yields on the Treasury are down 1.36% and returns on gold are approaching a three-week high. Oil fell sharply: January WTI lost 3.68% to $ 68.12 a barrel. Euro / Dollar 1.1254.

Tokyo, Nikkei -2.13% on NATO gallo

In Tokyo, meanwhile, the lists ended their trading in a sharp decline. The Nikkei was down 2.13% at 27,937.81 points, the biggest drop since November 26, while the Topix index was down 2.17% to 1,941.33 points. All 33 sector sub-indices fell and debt securities performed very poorly. “China has cut rates to support the economy, but investors fear growth has slowed enough to make this decision,” Aizawa Securities analysts said. Worst of all Asian stock markets: The MSCI Index Asia Pacific index fell 1.9% to 13 min. Months.