Piazza Affari, in line with the other European stock exchanges, reduced part of the losses in mid-morning after the winner of the US elections, the Republican Donald Trump, in his speech showed more conciliatory tones than those used in the electoral campaign. In Piazza Affari, which at the beginning had plummeted up to 3% in the wake of the Asian stock exchanges, the Ftse Mib is now moving by .1,7% above 16.500. The path of the European squares that started with fear and then repositioned to less worrying levels was similar: London -0,28%, Frankfurt -0,9%, Paris -1,23%.
On the currency front, too, the market is in the process of settling. The dollar reduces previously accumulated losses against a basket of currencies while the yen reduces gains on the greenback. In his first speech at his Manhattan headquarters, Trump said "it's time for America to heal the wounds of division" and promised "double growth" for the economy.
In particular, at 9,35 am, the dollar was trading down 0,6% on a basket of currencies, reducing losses that had previously reached 2%. At the same time, the yen, the traditional safe haven currency, halved its gains against the dollar and around 9,30 it traded up by around 1,6% against the previous 4%.
