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EU stock markets rise cautiously after Fed, eyes on inflation

EU stock markets rise cautiously after Fed, eyes on inflation

(El Sol 24 Raw Radiocor) – After a negative start to 2024, European stock exchanges They are experiencing a bounce and traveling higher. However, the increase remains very limited, as investors look to inflation numbers to pin their hopes on central banks' next moves. In France, prices rose by 3.7% year-on-year, accelerating again after +3.5% in November, while German inflation figures will arrive today, and in the next few days, the headline figures for Eurozone and US prices. Meanwhile, minutes from the Federal Reserve's meeting on Wednesday confirmed the impression that the central bank has reached the end of its rate hike cycle even if the timing of easing remains uncertain. In fact, according to the majority of FOMC members, it is appropriate to maintain a restrictive policy for some time in the perspective of fighting inflation.

So they go up FTSE MIB indicator Milano, CAC 40 Paris, DAX 40 frankfurt,Ex Amsterdam theIbex 35 Madrid and FT-C100 from London. Asian markets fell, with Tokyo (-0.5%) returning to trading after the New Year holiday. In the meantime, let's watch Data on the European services sectorIn Germany, the Purchasing Managers' Index fell to 49.3 points, while it rose in Spain (to 51.5 points), France (to 45.7 points), and Italy (to 49.8 points). Aggregate data onThe euro zone rose to 48.8 points, the highest level in five months. Furthermore, US employment data is also expected on Friday, a real test of the health of the US economy.

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Leonardo and the banks are in the spotlight, with luxury still in the queue

In terms of securities, the Ftse Mib continues to trend in the absence of any major news to guide the session: Leonardo – Finmeccanica It is best, among other things, the day when CEO Cingolani, in an interview with the Financial Times, called for greater cooperation between European companies in the defense sector. They continue to shine Banka MPsWhile the issue of banking risks remains current and pushes the sector (good). BBM Bank, Banka Pop Air H Generali Bank). In coda Tenaris H Brunello Cucinellithe latter is still falling following the session in which doubts expressed by UBS regarding the luxury goods sector put pressure on the shares of the entire sector in Europe.

The spread decreases slightly in the 166 pip area

The downward trend of the spread between BTp and Bund. The yield spread between the benchmark 10-year BTp bond (Isin IT0005560948) and the German equivalent maturity was 166 basis points, compared to 168 basis points at the closing date the previous day. The yield on the benchmark 10-year bond BTp also fell slightly, to 3.66%, from 3.69% at the previous close.

Oil is rising, and gas prices are rising too

Oil is still on the rise, highlighting tensions in the Middle East and potential supply disruptions: February WTI futures rose 0.91% to $73.36 a barrel, and March Brent futures rose 0.63% to $78.74. Natural gas prices traded in Amsterdam are on the rise: after achieving first place at €33.57 per MWh, they rose by 3.08% to €33.8.

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