Milan, the best in Europe, drops just 0.05%, while London, Frankfurt and Paris extend the losses around half a percentage
The start of the week was marked by a decline. Milan and the other stock exchanges immediately down by over a percentage point. Then the recovery also helped by futures that anticipate the opening of Wall Street. The eyes of the operators are focused on Wednesday’s inflation data in the US, which is essential to understand if the bitter medicine of the rise in rates is already taking effect. Milan, the best in Europe, drops just 0.05%, while London, Frankfurt and Paris extend the losses around half a percentage.
On the raw materials front, natural gas is down, while the announced maintenance has closed the taps of the Nord Stream. The price is indicated at 170 euros per megawatt hour, 3% less than on Friday.
There are no signs of a turnaround from the currency market. The strength of the dollar is confirmed, crushing the euro with the exchange rate, at 1.0101, on values that have not been seen for twenty years now.