The Stock Exchanges of today 31 March. Inflation gives peace to Europe, positive price lists
[ad_1]
MILAN – The European stock exchanges restart positive in the last session of the week supported by the good closure of Wall Street, by the encouraging data from Chinese manufacturing and by the comforting data that seem to come from the price trend in Europe. After the massive slowdown recorded yesterday in Spain, today inflation has also marked a slowdown in France, falling to 5.6% in March from 6.3% in February, with a dangerous alarm bell linked however to food prices , which grew 15.8% year-on-year.
Positive day also in Asia, with all indices positive and Tokyo which closed at +0.93%.
Germany, unemployment up slightly
The unemployment rate in Germany rose to 5.60% in March from 5.50% in February.
Positive opening for the European Stock Exchanges
Positive opening for the main European stock exchanges: just a few minutes after the start of trading, Piazza Affari gains 0.12% with the Ftse Mib at 27,053 points. Frankfurt scores +0.30% and Paris +0.31%. Flat London at +0.02%. On the Asian market, Tokyo closed at +0.93% with the Nikkei at 28,041 points
China, services PMI at 12-year high
China’s manufacturing PMI rose but at a slower pace in March, while services sector activity climbed to a 12-year high. The manufacturing index rose to 51.9 points, above the expected 51.5 points and below February’s 52.6 points. This is what emerges from the data of the national statistics office which shows that the recovery of the post-Covid industry in China is struggling to take off due to the weakening of global demand and the decline in the domestic real estate market. However, the Chinese economy is supported by services, which reach 58.2, the highest since May 2011. Overall, the two indices signal that the Chinese economy is still rebounding after the end of the anti-Covid restrictions which for three years they have harnessed the growth of the Dragon. China’s March composite PMI rose to 57 points in March, above February’s 56.4 points, hitting its highest level in more than a decade.
The spread opens at 186 points
The spread between the BTP and the German Bund opened at 186 basis points, with the yield on the Italian 10-year bond at 4.22% on the secondary market.
[ad_2]
Source link
