Mixed session on the Asian markets with Sydney (-1.27%) and Tokyo which closed down (-1.14%) in line with the weakness of Wall Street on Tuesday and in view of an expected substantial intervention by the Fed on rates : the market is betting that the rise may not be 0.5% but 0.75%. On the other hand, the Chinese lists did well starting from Shanghai (+ 1.73%) and Hong Kong (+ 1.63% at the session still in progress) thanks to the country’s industrial production, which rose by 0.7% above expectations. Retail sales in China, on the other hand, fell by 7%.
In addition to the Fed, attention is paid to the extraordinary advice of the ECB which pushes European futures in addition to the euro, positive, on the idea that Frankfurt can intervene to stem speculation on BTPs and state bonds of the most fragile countries of the ‘ eurozone.
Source: Ansa
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