(ANSA) – MILAN, JULY 15 – Stock exchanges in no particular order in Asia and the Pacific after the trend of Chinese GDP below analysts’ expectations. Tokyo gained 0.54%, Taiwan 0.78% and Seoul 0.37%. Sidney was down (-0.68%), where mining stocks weigh, with the collapse of copper (-2.5%) which fell to its lowest level since November 2020. Minus sign for Hong Kong (-2.2%) and Shanghai (-1.04%), still open together with Singapore (+ 0.08%) and Mumbai (+ 0.18%). Futures on Europe and on Wall Street were negative, with the exception of those on Piazza Affari (+ 0.13%) and Madrid (+ 0.57%). After car registrations in Italy, France and Germany, data on inflation in Italy and on the trade balance of the Eurozone are expected. Retail sales, the New York State manufacturing index and June industrial and manufacturing production are arriving from the US.
US crude oil remains below 100 dollars a barrel, metals slide with iron down 8% to 660 dollars a ton and steel by 5.5% to 3,653 dollars a ton due to lower demand in China , while gas rose to 174 euros per MWh in Amsterdam, remaining however in negative territory (-0.64%). The euro was unchanged on par with the dollar, the pound remained stable, the yen was weak, falling to 138.73 units per greenback. A circumstance that supports the stocks of large exporters such as Toyota (+ 1.31%) and Sharp (+ 0.35%).
(HANDLE).
Source: Ansa
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