The Bags are trying to recover the losses of Monday, August 5. After a very negative start to the week, with the collapse of the Japanese stock market that dragged all the financial markets down, the lists have begun to recover their prices. Tokyo seems to have returned to normal also thanks to greater collaboration between Government And Central Bank.
The main American indices also show a recovery after the fear of the end of last week triggered by the results of employment below expectations. The European stock markets are struggling more, with Milan standing out as one of the best on all the continental financial markets.
The rebound of Asian and American stock markets
After a very difficult start to the week, dragged down by a very uncertain Friday, the world stock markets are trying to rebound. Tokyo started, falling by 12% on August 5 but immediately recovering by over 10% the following day. The Nikkei closed this morning at +1.19%, marking a complete rebound from Monday’s losses, also thanks to the promise of greater collaboration between the Central Bank and the Government on interest rate increases.
Compared to July 31, the Japanese index remains down 10% and has burned a significant part of the 2024 increases, now stuck at 5%. The American indices are doing better. The Nasdaq, After losing more than 3% over the weekend, it recovered to levels prior to the publication of quarterly results from major technology companies that had kicked off the bear market.
On the other hand, the Dow Jones is having greater difficulties, heavily influenced by the losses of some of its most important companies such as Apple And Intel. Compared to a week ago, the index is still losing 4.5%, but yesterday it returned to positive territory with a +0.75%.
The difficulties of the European and Milan stock exchanges
Europe is also trying to return to last week’s levels. After a timid start this morning, in line with Tuesday’s uncertainty, both Frankfurt and Paris have started to recover significantly, rising above one percentage point. London is not keeping pace, with the Ftse 100 which marks an increase of 0.8%, a positive sign after the difficult days just passed.
Milan on the contrary, it is among the indices that recorded the best results in Europe on the morning of August 7. Although far from recovering what was lost over the weekend (-1.5%) and even very far from the levels of the beginning of the month (-5.5%), the Ftse Mib managed to string together a good opening that led it to recover 1.7% on the results of August 6.
Banks on the Rise in Italy
The Italian rebound is being driven by the banking stocks that had dragged down the market performance at the beginning of the week. It shines Monte dei Paschi di Sienawith an increase of 6.21%, but the one that has had a heavy impact on the price list is above all UnicreditThe large financial group recorded a +3.36% opening.
In difficulty, however, is the Popular of Sondrio That Bforwhose quarterly results were not welcomed by the markets. The latter is floating just above parity, with an increase in the value of its shares of 0.2%.
