Stock market: Asia with reduced ranks, Tokyo closed, positive futures

Drought, damage to fruit crops in Turin (ANSA)

(ANSA) – MILAN, JUL 18 – Small-rank stock exchanges in Asia and the Pacific in the first session of the week with Tokyo closed for Navy Day. The other lists were positive, from Taiwan (+ 1.16%) to Seoul (+ 1.9%) and Sidney (+ 1.23%), together with Hong Kong (+ 2.49%), Shanghai (+1, 34%), Singapore (+ 0.7%) and Mumbai (+ 0.96%) still in the negotiation phase. Futures on Europe and on Wall Street are up in view of the quarterly reports and the decisions that some central banks will take on Thursday on rates, including the ECB. The balance of the Italian trade balance is expected in the morning and constructors confidence in the US is expected in the afternoon. Inflation in New Zealand is growing strongly, with an annual rate of 7.3%, against the 7.1% expected, as has not happened for 32 years.

The dollar falls against the main currencies.

The euro, in fact, rose to 1.0093 dollars, the pound sterling at 1.189 dollars and the yen, which changed hands at 138.22 units for each single greenback.

Crude oil is in progress (WTI + 1.3% to 98.86 dollars per barrel), with Brent (+ 1.51% to 102.69 dollars per barrel) now above 100 dollars. Natural gas also grew (+ 3.75% to 165.55 euros per MWh in Amsterdam) and the main metals, with steel up by 1.78% to 3,770 dollars a ton, following the Beijing commitment. to support economic growth in China. Bank of China (+ 2.6%) on the Hong Kong market, where the oil giant Petrochina runs (+ 4.34%). (HANDLE).

Source: Ansa

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