(ANSA) – MILAN, AUGUST 10 – The main stock exchanges in Asia and the Pacific are sitting in the red, in the wake of the closure of Western markets on the eve of awaiting the data on US inflation. The latter, scheduled for today, will be indicative to understand the Fed’s next moves in terms of rates. In the meantime, Germany showed an increase in line with estimates both on a monthly and on an annual basis. The analogue given by Italy will arrive during the morning.
Tokyo lost 0.65%, Taiwan 0.74%, Seoul 0.92% and Sidney 0.53%. Hong Kong (-2.5%) is under pressure, still open together with Shanghai (-0.85%), Singapore (+ 0.45%) and Mumbai (-0.13%). The futurtes on Europe and on Wall Street are negative.
The dollar rose to 1.02 against the euro and 1.2 against the pound, while it appears stable at 135.04 yen. Crude oil sells (Wti -1.04% at 85.55 dollars a barrel), which falls below 90 dollars after the unexpected rise in US weekly inventories according to the American Petroleum Institute and in view of the official data expected for today . Gas rises, reaching 194 euros per MWh in Amsterdam, with futures contracts for the month of September up by 0.94%.
Metals are weak, from gold (-0.16% to $ 1,788.23 per ounce) to iron (-2.44% to $ 719 per ton) and steel (-1% to $ 4,071 per ton) . In contrast to aluminum (+ 1.84% to 2,490 dollars per ton).
The titles of the major exporters rise on the Tokyo square. The automakers Honda (+ 2.7%), Toyota (+ 2.12%), Yokohama (+ 2.66%) and Subaru (+ 1.9%) are doing well, while the electronics giants Sony (-1) are in contrast. , 97%) and Panasonic (+ 0.68%). To suffer are microprocessor manufacturers Tokyo Electron (-2.61%), Advantest (-3.56%), Screen Holdings (-2.67%) and Sumco (-3.38%). Longfor Group (-18.4%) and Country garden (-7.97%) real estate slips on the Hong Kong square, penalized by anti-Covid restrictions on arrivals from abroad. (HANDLE).
Source: Ansa
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