(Il Sole 24 Ore Radiocor) – The European stock exchanges open the session with indices in clear decline in the wake of the trend of the Asian lists and concerns about inflation given the prices of the raw which touched in New York i maximum since 2014 above $ 79 per barrel (Wti November). Brent is approaching $ 83 a barrel in December delivery, again at top from October 2018. The German data on orders to industry which fell beyond forecasts in August (-7.7% monthly against expectations of -2.1%)
The euro / dollar exchange rate consolidates below 1.16: purchases on the American greenback are fueled by the prospect of a monetary tightening of the US central bank and investors await the September report on new employees (which will be released on Friday 8 October) for further confirmation on the state of the US economy. The expectation of rising rates drives up government bond yields in both Europe and the United States.
Natural gas, prices in Europe hit records at 130 euros
The run of natural gas prices in Europe does not stop. The spot contract on the Dutch market TTF, one of the largest and most liquid in continental Europe, reached 130 euros per megawatt / hour (MWH), a level never reached before. The contract front-month for November it grew by more than 400% since the beginning of the year.
Tokyo closed a mixed session in decline
The Tokyo Stock Exchange closed a mixed session in decline in which it attempted, unsuccessfully, to interrupt the series of seven negative sessions that characterized it in this phase. Failed attempt for a turnaround with the Nikkei index of 225 leading stocks which scores 27,528 points in the final, down 1.05 percent. At the start, the Tokyo Stock Exchange took an upward trend in the wake of the positive closing of Wall Street and investors returned to buy also in search of bargains after the list in the last sessions has lost about 8 percent overall. However, declines in stocks in the auto sector and airlines caused the turnaround. The markets are dominated by nervousness over the rapid rise in energy prices which is raising global inflation expectations.