(ANSA) – MILAN, MARCH 21 – The Asian stock exchanges, orphans of Tokyo closed for holidays, weakly put away the first session of the week. The effects of Russia’s war in Ukraine weigh heavily on the markets while attention remains high for fears of a new wave of covid-19 infections. Spotlights on the prices of raw materials that stimulate the gallop of inflation.
While trading is still in progress, China moves in no particular order, after the central bank has left rates unchanged. Hong Kong was down (-0.9%), Shanghai was flat (-0.09%), Shenzhen was positive (+ 0.5%). Seoul (-0.7%) and Mumbai (-0.3%) are down.
On the macroeconomic front, German producer prices are forecast. Also expected are the interventions of the president of the ECB Christine Lagarde and the governor of the Fed Jerome Powell, who will give further signals to the market after the last Federal Committee of the Fed. (ANSA).
Source: Ansa
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