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European stock markets down at the start of the session

European stock markets down at the start of the session

European stock markets down at the start of the session (Dax -0.39% Ftse Mib -0.48% Ftse100 0.03% and Cac40 + 0.23%), almost all follow the Asian tren

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European stock markets down at the start of the session (Dax -0.39% Ftse Mib -0.48% Ftse100 0.03% and Cac40 + 0.23%), almost all follow the Asian trend and yesterday’s selloff on Wall Street, in particular on the Nasdaq which lost the 2.60% (S&P500 -1.84%) due to the rise in the Treasury yield, the 10-year in fact is approaching the 2% threshold, is now above 1.88%. The technology sector is still the one that suffers the most even in Asia, Tokyo lost 2.8%.
After a positive start on Monday, the European stock exchanges are preparing for the second downward start while on the macroeconomic front, inflation in Germany is confirmed as the expected 0.5% for the month of December and 5.3% on an annual basis. In the UK above 5.4% above expectations (5.2%).

The disappointing data from the banking giant Goldman Sachs yesterday contributed to the weakness of Wall Street with an annual net profit down 13%.
Positive note on the Nasdaq is the rise of Activision Blizzard (+ 25.88%) after the purchase by Microsoft with an unprecedented operation in the world of Gaming (almost 70 billion dollars cash). We recall some of the main assets produced by Activision: Call of Duty, Crash Bandicoot and World of Warcraft.
With this move, the company led by Nadella enters into direct competition with Zuckerberg in the challenge to the metaverse.

Index – Asia in strong red, Tokyo -2.8% Hang Seng -0.25% and Shanghai down 0.33%.
On Wall Street, futures are still moving in negative territory with the Nasdaq down by 0.68%, the Dow Jones by 0.51% and the S & P500 by 0.53%.

Forex – the weakness of the Canadian dollar against the main currencies is noticeable, but also the American greenback (EURUSD + 0.09% at 1.1334). The New Zealand dollar and the Swiss franc rose. It also fetches the JPY. USDJPY down 0.18% to 114.39.
GBPUSD on parity at 1.3596. This afternoon at 3:15 pm the Governor of Bank of England Bailey will speak.

Commodities oil still rises, above 86 dollars a barrel (at the time of writing 85.44 + 0.76%), still at its highest since 2014. An important pipeline connecting Turkey and Iraq was hit by an explosion, decreasing supplies.
Gold slightly down (-0.08%) to 1812 dollars an ounce.

Key Macroeconomic Data

EU – On the macroeconomic front, inflation in Germany is confirmed as the expected 0.5% for the month of December and 5.3% on an annual basis.

UK – In the United Kingdom, inflation above 5.4% above expectations (5.2%). On a monthly level, inflation in December beats expectations + 0.5% (against + 0.4% of the consensus).

US – building permits issued in December (2:30 pm)

Fonte: UCapital.com

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