Inflation seems to be less scary. For the moment, the stock exchanges seem to want to put aside fears about inflation that in the US is at its highest since 2008. But the American markets seem less worried and consequently the European ones. Thus, Wall Street postpones the inflation dossier to August and allows Piazza Affari a good exploit while a stock achieves an amazing session. But let’s go in order. Before talking about an exceptional leap of a stock on the Milan stock exchange, let us pause briefly to understand why the market fears inflation.
It is not so much inflation per se that scares the market, but the end of the accommodative policy of the Federal Reserve. By now the season of huge liquidity at no cost is winding down. The operators know this, but they pretend not to see. They will pretend not to see until August. Until then, the American Central Bank will probably not make any decisions. But from September it will start sending signals to the markets.
Wall Street postpones the inflation dossier to August and allows Piazza Affari a good exploit while a stock achieves an amazing session
For the moment the party can continue on the stock markets and the stock exchanges of the Old Continent have immediately taken advantage of it. In the last session of the week, the European lists all ended positively. The Milan stock exchange achieved the smallest increase among the main lists. The Ftse Mib (INDEX: FTSEMIB) closed 0.3% higher at 25,717 points at the end of the day. It is an important exploit.
In the previous analysis we wrote: “This is why it is crucial that Piazza Affari go back above this important threshold today to avoid bad future scenarios for savers“. For the analysts of ProiezionidiBorsa the major index today had to close above 25,700 points to keep the uptrend alive. The attempt was successful and this is a good sign for the next important week.
Risanamento, a company active in the real estate sector, launched a good sign on Piazza Affari. The stock gained nearly 20% today, closing at 18.5 euro cents. But the title has been flying for several weeks. In the last month it has gained over 85% and in the last six months, prices have risen by 240%. It is a title to be followed carefully.
This is the multidays analysis and the point of view of the international markets by the ProiezionidiBorsa Research Department.
(Remember to carefully read the warnings regarding this article, which can be consulted who”)