The stock exchanges today, 20 June. European markets up. Bitcoin struggles to hold $ 20,000

MILAN – 1:00 pm The European lists take a more decisive path to the upside, for the moment putting in the freezer the concern for the monetary tightening of the central banks and the cooling of the economies that is weighing on the mood of investors. Arriving at the mid-session mark, Milan – which is affected by a -0.29% effect due to the detachment of the coupons – gains 0.6%. Net of the dividend effect, it is therefore in step with the others: Paris salt by 0.3%, Frankfurt 0.5% e London 1 percent.

The differential between BTP and German Bund falls below 191 points, reaching 190.7 points after more than 4 hours of trading. The Italian annual yield is down by 0.7 points to 3.559%.

How do you remark Bloombergthe MSCI Asia index which summarizes the performance of the eastern markets has put together the longest streak of negative sessions since February 2020, when Covid 19 exploded. At the end of the day, the eastern lists recorded contrasting trends: Tokyo it lost 0.74%, Taiwan 1.75%, Seoul 2.04% and Sidney 0.64%. Bucking Hong Kong (+ 0.2%) e Shanghai which finished flat while Shenzhen gained 1.3 percent. The price lists remain today without the reference of Wall Street, closed for the ‘Juneteenth holiday’, which commemorates the liberation of African American slaves. Investors await indications on the Fed’s next moves from President Jerome Powell, who will be heard next Wednesday in the Senate and Thursday in the House. Fears remain that the US central bank’s monetary tightening could send the global economy into recession.

Nft, I bought a kitten. Bad business

by Flavio Bini, Graphics by Paula Simonetti, Corrado Moretti and Paola Cipriani

June 19, 2022

As regards Piazza Affari, the price range for the Ipo di De Nora Industries, the green hydrogen company: this is a range of 13.5-16.5 euros, for a value ranging from 2.7 to 3.28 billion approximately. Update also by Engineering which has signed “the definitive and binding agreements” for the purchase of 58,287,622 ordinary shares equal to 43.209% of the share capital of Be at the unit price (taking into account the dividend approved by the shareholders’ meeting in an amount equal to 0 , 03 euros per share) – 3.45 euros per share. The closing of the transaction, announced last February at the signing of a letter of intent, is expected by 31 December: it will entail the obligation for Enginering to promote a mandatory total takeover bid on the remaining Be shares aimed at delisting in the event that came to hold a stake of more than 90%.

L’EUR despite the fact that it opens steadily above $ 1.05 French President Emmanuel Macron lost an absolute majority in the French Parliament. The single currency changes hands for 1.0523 dollars and 141.99 yen. Dollar / yen at 134.94. The Japanese currency remains under pressure, near a 24-year low after the Bank of Japan confirmed its ultra-accommodative policy on Friday. The Chinese yuan, on the other hand, rose to a one-week high against the dollar, supported by Beijing’s decision to keep key lending rates unchanged to avoid further divergences in monetary policy vis-à-vis other economies. The reference rate for one-year loans (Lpr) was kept at 3.70% and the five-year rate remained unchanged at 4.45%.

The difficult phase continues for the Bitcoin and the rest of the cryptocurrencies, increasingly tied to the trend of the riskiest assets and therefore exposed to monetary tightening by the Fed. The main digital activity oscillates on the important threshold of 20 thousand dollars, trying to defend it with its teeth and after a weekend of extreme volatility that saw it lose 15% in the session on Saturday and then rise by 16% the next day. On Monday morning, he slips under the fateful threshold. The concern of some observers is that a decisive break of the threshold of 20 thousand dollars would trigger other forced sales by those who had positioned themselves “in the open”, putting further fuel in the engine of the declines that this year has already led to a loss close to 60. % for Bitcoin. It is no coincidence, notes the financial agency, that the three-month expected volatility index is at its highest in 2022.

Among the commodities, the prices of the Petroleum they travel slightly down on Asian markets. Worries about slowing global economic growth and fuel demand offset fears about rising inventories that had pushed prices higher. US West Texas Intermediate crude fell 0.17% to $ 109.37 a barrel while North Sea Brent crude fell 0.02% to $ 113.10 a barrel.