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EU stock markets are subdued as they await US data.  Diazorine slips in Milan

EU stock markets are subdued as they await US data. Diazorine slips in Milan

(Il Sole 24 Ore Radiocore) – Dull seat for European stock markets, the indexes move little and struggle to gain momentum. Investors’ eyes turn to US data on consumer confidence: The focus is still on Moves by the Federal Reserve and its indications regarding monetary policy in view of inflation data. If the data shows further cooling, markets will become more comfortable with increasingly realistic expectations that the central bank may take a breather. So FTSE MIB Milan moved a little, like CAC 40 Paris, The DAX 40 of Frankfurt, TheIBEX 35 Madrid, The FT-SE 100 London andAEX Amsterdam.

However, an intense week is expected for macroeconomic data, especially dataEurozone inflation And onUS PCE Inflation Thursday will come. Meanwhile the Consumer confidence improved slightly in Germany Data in December showed that despite a subdued economic environment, willingness to buy grew on a monthly basis amid easing inflation. In line with economists’ expectations, German consumer confidence is expected to improve from -28.3 in November to -27.8 in December, according to data released by GfK and the Nuremberg Institute.

Wall Street showed little movement looking at macro data

After a lackluster Monday, Wall Street opened up little. The indices are reduced by qFour consecutive weeks of growth, which brought the indices to their highest level in the last four months. The indices closed November positively, marked by optimism about the potential The end of the Federal Reserve control cycle and from Decline in treasury bond yields.

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US consumer confidence rose to 102 points

In November, the Americans prove themselves Further Beliefs about economics Compared to the previous month. The confidence index, compiled monthly by the Conference Board, a private research group, rose to 102 points from 99.1 in October (revised from an initial 102.6). The component measuring expectations for the future rose from 72.7 to 77.8 points; It has decreased to 138.2 points from 138.6 points as of now.

And in America, I saw SeptemberHome prices rose for the eighth straight month. According to the Standard & Poor’s/Cass-Shiller index, on a monthly basis, the number increased by 0.3% for the nation as a whole and for the top ten cities and by 0.2% for the top twenty cities. Compared to a year earlier, the number of 20 largest cities rose by 3.9%, according to estimates, after 2.5% in August. The component for the country as a whole grew by 3.9%, compared to a 4.8% increase relative to the ten major metropolitan areas. This week, the most anticipated data is the PCE index, the central bank’s preferred measure of inflation, scheduled for Thursday.