Today’s Stock Exchanges, July 13th. Markets euphoric after the drop in US inflation. China worries

Piazza Affari starts positive, but cautious

Piazza Affari opens today’s session higher, with the Ftse Mib gaining 0.16% to 28,597.12 points at the start. Yesterday ended with a sharp rise at +1.75%, on the wave of slowing US inflation data. The Moncler share (+0.95%) stands out in the first trading sessions, followed by those of Stmicroelectronics (+0.5%), Finecobank (+0.48%) and Tim (+0.46%). The highest sales were instead recorded by Cnh Industrial (-1.07%), Leonardo (-0.67%), Prysmian (-0.32%) and Ferrari (-0.24%).

Closing sharp rise for the Tokyo Stock Exchange

The Tokyo Stock Exchange ends trading with a sustained increase after the most recent data showing a reduction in inflation in the United States, and the possibility of a pause in the Federal Reserve’s monetary tightening. The benchmark index Nikkei advanced by 1.49% to 32,419.33, with a gain of 475 points. On the foreign exchange market, the yen recovered ground against the dollar at 138.30, and against the single currency at 154.20.

Enel, sale in Australia for 400 million

Enel, through its wholly owned subsidiary Enel Green Power, has signed an agreement with Inpex Corporation, for the sale of 50% of the two companies that own all of the Group’s assets in Australia, specifically Enel Green Power Australia Pty and Enel Green Power Australia Trust, currently wholly owned by EGP, for a total consideration of approximately 400 million euros of enterprise value, referred to 100%, of which approximately 140 million euros in debt. The operation, explains the company in a note, is in line with Enel’s current Strategic Plan, which envisages the creation of partnerships in some businesses and geographical areas to increase value creation.

Asian stock markets are running thanks to the drop in US inflation

Asian stock markets are reassured by the slowdown in US inflation in June, which could put an end to the Federal Reserve’s rate hikes. In Tokyo, the Nikkei index recorded an increase of 1.48%. Chinese stocks are up sharply despite disappointing data which recorded a 12.4% year-on-year drop in Chinese exports in June. In Hong Kong, the Hang Seng index rises by 2.42%, in Shanghai, the composite index rises by 1% while Seoul gains 0.84%.

Wall Street at its highest since April 2022. Euro never so strong for over a year

Yesterday, session up on Wall Street and closing at the highest since April 2022 after the slowdown in US inflation. Consumer prices rose 3% annually in June, the lowest since March 2021, down from 4% in May. The “core” figure, i.e. the one purged of the food and energy prices component, grew by 4.8%, the lowest since August 2021, after +5.3% in May. Producer prices are also expected today, again from last month. These data will give further indications to investors on the Federal Reserve’s next moves; now, some analysts believe that the US central bank can stop the tightening with the July hike, now considered certain. The Dow gained 0.25%, the S&P500 was up 0.74% and the Nasdaq 1.15%. The dollar weakened with the euro, in fact, rising by 1.14% to 1.1136 dollars, the highest for over a year.