Le European stock exchanges Markets are moving in a climate of uncertainty and caution in the final session of the week, following Thursday's declines on Wall Street and the uncertain performance of Asia. The market is looking to developments in the Middle East, where doubts about the reopening of the Strait of Hormuz rekindle fears of disruptions in oil supplies. Thus the Ftse Mib of Milan rises cautiously, like the Cac of ParisThey do better Dax of Frankfurt and London's Ftse 100, while they remain behind theAex Amsterdam andIbex of Madrid.
Stock Market Today: The Geopolitical Front and Doubts About Hormuz
Returning to the geopolitical front, according to a draft agreement between the'Iran and'Oman Published Thursday by Tehran's state-run news agency, the agreement includes restrictive conditions for naval traffic in the Strait, such as a ban on transit by U.S. vessels. These uncertainties are reflected in the progress of the Petroleum, which is also burdened by the new threats from the Yemeni Houthi movement against Saudi Arabia, fueling fears regarding the risks of energy supply. Thus the Brent rose 1,3% to $83,58 a barrel, while wtf is trading at $77,96 (+0,87%). The gas in Amsterdam which is worth 57 euros per megawatt hour (+2,3%).
And while geopolitical risk remains elevated, the market is also looking at corporate earnings season, now in its final stages, and the macroeconomic data arriving from the United States. Particularly important today will be the employment numbers which could influence the monetary policy outlook of the Fed for September. Currently, according to data from the CME FedWatch Tool, the probability that the central bank will raise rates by 25 basis points at its next meeting exceeds 54%.
Stock Market Today: Markets in Asia
A Tokyo Japanese stocks closed lower, dragged down by Semiconductor stocks fall, amid uncertainty surrounding the Middle East conflict and rising energy costs. The Nikkei index closed down 0,12% at 65.606,71 points. On the economic data front, the average monthly expenditure per household The average monthly income per working household, comprising two or more persons, stood at 290.886 yen in June, down 1,5% in nominal terms and 3,3% in real terms from a year earlier, according to data released by the Statistics Japan Bureau. The average monthly income per working household was 1.013.986 yen, up 3,9% in nominal terms and 2% in real terms year-on-year. According to data from the Cabinet Office, Japan's preliminary leading indicator stood at 116,4 in June, unchanged from May; the coincident indicator rose to 118,2 from 117,9; and the lagging indicator rose to 112,3 from 111,4. Weak Seoul.
Stock Market Today: Who's Rising and Who's Falling at Piazza Affari
Moving on to the stock market, Milan still shopping on Leonardo e Prysmian, with Berenberg raising the rating on the cable company's stock to "Buy" from "Hold" with a target price rising to 150 euros from 130. It bounces Tenaris which dropped more than 7% on Thursday, weighed down by declining profits in the second quarter. Little movement. Unipol after the above-expected figures, while it does better Ps returning from quarterly report published this morningStill declining Bper as he slides in line Stellantis. Finally, on the rise the .
