European stock exchanges, weak start for lists. Off to the season of the quarterly USA-Corriere.it
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Weak start for European stock exchanges. While prospects for a cooling in US inflation have strengthened, fueling hopes that the Federal Reserve may soon end its monetary tightening cycle, investors remain fearful of an interest rate hike.
The indices
In detail, the Cac 40 index of Paris marks a -0.22% to 7,354 points, the Dax 30 of Frankfurt drops 0.10% to 16,127 points and the FTSE 100 of London records a -0.05% to 7,436 points. In Piazza Affari, the Ftse Mib in the first trades filed 0.04% at 28,757 points.
Budgets
US earnings season kicks off with results from banking giants, and markets eye the University of Michigan confidence index which could provide additional insight into consumer inflation expectations and Eurozone trade balance data . On the macroeconomic front, the trade balance of Italy and Germany is on the way. Producer prices are also expected from Berlin. July import prices and consumer confidence from the United States.
In Asia
Asian stock exchanges closed in no particular order as investors focused on the next moves by central banks. Tokyo moved little (-0.09%). On the foreign exchange market, the gradual recovery of the Japanese currency continues, reaching a two-month high against the dollar at 137.80 and against the euro at 154.60. While trading is still ongoing, Hong Kong (+0.33%), Shanghai (+0.14%), Seoul (+1.43%) and Mumbai (+0.21%) are up. On parity Shenzhen (+0.06%).
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