Wall Street closes close to record high thanks to support from Petroleum, with the Wti reaching the highs of 2016, at 51,18 dollars a barrel (+1,63%), and Brent at 52,7. This morning, however, traders in Asian markets have once again shown caution: Nikkei down by 0,8% weighed down by weak macroeconomic data and a strengthening yen.
On the front macroeconomic machinery orders in April fell by 11% compared to the previous month, reaching 796,3 billion yen, a clearly lower figure than expectations, stuck at -3,4% after +5,5% in March. On an annual basis, the decline was 9,2%, also worse than expectations for a 1,9 percent reduction.
On the Chinese front, inflation data was published: consumer prices in May rose by 2,0% on an annual basis, below the expectations of analysts who had estimated growth of 2,3%. Today, the Chinese and Hong Kong stock exchanges are closed due to public holidays.
The Boston Consulting group has estimated that the global wealth of retail investors it is set to grow by 30%, to $224 trillion, by 2020, driven mainly by increases in the Asian region of China's private wealth which will jump by 80%.
After yesterday's widespread reds, Europe is preparing to open the session still in the name of uncertainty under pressure for the knot Brexit which will be addressed in the referendum of 23 June. In Germany, the trade balance surplus in April amounted to 24 billion euros, from 23,7 in March, also exceeding the expectations of economists, who had forecast a surplus of 23 billion euros. Exports remained unchanged from March while imports fell by 0,2% over the same period. Markets today are also eyeing first quarter labor market data from Italy, Britain's trade balance and US weekly jobless claims.
In Piazza Affari under the spotlight the banking sector, after yesterday's strong sales. Lighthouse on Unicredit, down 4,5% yesterday, on the day of the Board meeting with the dossier for Ghizzoni's replacement on the table, but also on Banco Popolare, which is carrying out the capital increase launched during the week, and on Veneto Banca . From today, the bank decree is being examined by the Senate.
