(ANSA) – MILAN, MAY 17 – Positive session for Asian stock exchanges, the third in a row, with investors continuing to monitor the trend of the Covid epidemic in China and looking favorably at a possible easing of the lockdown in Shanghai, after three days without infection. The rush of tech stocks contributes to pushing the lists after a meeting between Chinese regulators and tech giants has fueled optimism that Beijing can ease the pressure it has been subjecting its companies to for over a year.
Hong Kong, up by 2.5%, pulls the sprint ahead of Seoul (+ 0.9%), Tokyo (+ 0.4%), Shanghai (+ 0.4%), Shenzhen (+ 0.5%) ) and Sydney (+ 0.3%). Oil did not move much after yesterday’s run, with Brent and WTI remaining above 114 dollars a barrel, as commodities remain at high levels, especially wheat, due to the blockade of Ukrainian ports and the stop of the India to export. Treasury yields rise to 2.911% while the dollar retraces to 1.0454 against the euro.
Today, data on Italian inflation are expected in April, on the GDP of the Eurozone, on retail sales in the US, where Fed president Jerome Powell will also speak in the evening. (HANDLE).
Source: Ansa
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