Le European stock exchanges They closed higher following central bank decisions and with a close eye on geopolitical developments. The best performing market of the day was Madrid, up 1,15%, followed by Frankfurt and Paris. Milan closed up 0,83%. Wall Street also performed well, soaring with Micron, up 11%.
Today was the day of the central banks. There was the Bank of England rate cut, which has reduced the cost of money 25 basis points, bringing it to the 3,75 %, in line with market expectations after the surprise fall in inflation in November while the ECB has instead left interest rates unchanged, confirming that Eurozone inflation is stabilising towards the target of 2% in the medium term. Frankfurt also revised growth estimates on the rise, with GDP expected to increase by1,4% in 2025 and 1,2% in 2026, and inflation seen at1,9% in 2026. Sweden e Norway they also announced that they would maintain their respective rates.
Tomorrow all eyes will be on Bank of Japan, expected to rise to its highest level in thirty years. Also today the European Council, with the war at its centre Ukraine and the difficult road to using the Russian assets frozen in Europe in support of Kiev. On the macro front, United States, meanwhile the claims for unemployment benefits and inflation data.
In Asia Caution prevails: the main stock markets close in decline, weighed down by sales in technology stocks after Wall Street, even if the positive prospects announced by micron Technology offer some comfort to investors worried about the AI bubble. Tokyo drops 1,03% ahead of BoJ meeting, Hong Kong -0,05% Shanghai + 0,16% Shenzhen -0,7% Alone -1,53% and Mumbai, + 0,16%.
READ MORE Why the stock markets are still in the grip of tech di G. Bruschi
Business Square closed with a +0,83% led by banking stocks and Leonardo. The focus remains on Ps, whose Board of Directors is meeting today and is grappling with tensions over the integration plan with Mediobanca, Campari, Which has Averna and Zedda Piras sold to Illva Saronno Holding for 100 million euros, and Unipol, whose target price was raised by UBS. At the bottom of the list are positioned Stellantis, Lottomatica e nexi, pending the Board of Directors' decision on the sale of the Digital Banking Solutions division.
Among the companies outside the main basket, That ha Algebris Investments has finalized the acquisition of Aquanexa., valued at around 205 million euros, while Bank Ifis benefits from the increase in the target price to 26 euros. Ovs confirms growth in sales and EBITDA in the first nine months, and Geox approves the 2026 budget, confirming margins consistent with the Industrial Plan, but estimating revenues lower than expected.
Lo spread BTP-Bund falls by 66 points, with the Italian ten-year yield at 3,51%.
The euro/dollar remains stable at 1,1743. Gold e silver remain stable, at 4.336 and 66,36 dollars per ounce respectively. Petroleum is on the rise, with WTI at 56,19 dollars and Brent at 60,17, supported by US-Venezuela tensions, while gas design marks little change at 27,3 euros/MWh on the Amsterdam TTF platform.
