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Stock market: Asia weak, investor focus on inflation

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ENAV, in Italy air traffic increases compared to EU forecasts (ANSA)

(ANSA) – MILAN, 08 NOV – A weak start to the week for Asian stock markets, with stock markets continuing to see inflation as the main threat to their prosperity.

Tokyo and Seoul closed down by 0.3%, Sydney by 0.1% while Hong Kong fell by 0.4%. Positive Shanghai (+ 0.1%) and Shenzhen (+ 0.2%), with China recording a record trade surplus in October thanks to a 27% jump in exports. The plenum of the Communist Party opened in Beijing, which should consolidate the power of Xi Jinping, in view of the congress at the end of 2022.

Investors are expecting to know, Wednesday, data on consumer prices in China and, above all, in the United States, where they could experience the largest flare in three decades now, in the wake of the push in energy prices and packages. of bottle along the supply chain. In the absence of macro data, today we will look at the speeches of the chief economist of the ECB, Philip Lane, and those of the members of the Fed, Clarida and Evans, as well as Jerome Powell’s inaugural speech at the Fed Diversity Conference.

Oil is up by about one percentage point, with the WTI trading at $ 82.15 and Brent at $ 83.52.

(ANSA).

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Source From: Ansa

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