Le European stock exchanges they close in rise today, in a pre-Christmas climate, with reduced trade, but still suitable for consolidating the gains made so far.
In the euro area, the confirmation of the slowdown in inflation in November does not galvanize stocks as much as government bonds, which see rates falling sharply.
Thus Business Square it appreciated by 0,41% to 30.363 basis points, following Monte Paschi Bank (+ 2,67%) and Brunello Cucinelli (+2,55%). The bond sector does even better: lo spread between 162-year BTP and Bund of the same duration is indicated at closing at 3,67 basis points (-3,64%) and the yields are falling to 2,02% and XNUMX% respectively.
The other main European markets are more or less aligned with the Milanese price list: Frankfurt + 0,58% Paris + 0,08% Amsterdam + 0,42% Madrid + 0,51% London + 0,31%.
The tuneful start of the afternoon contributed to supporting the mood in the Old Continent Wall Street, currently in fractional progress with DJ (+ 0,47%), S & P 500 + 0,41% Nasdaq + 0,46%.
The BoJ keeps rates below zero and helps stock markets; the yen slides
The anticyclone that maintains this good weather on the markets bears the name of the central banks, in the belief of investors that 2024 will bring a decisive cut in the cost of money in the USA and Europe. This morning the pressure increased further after the Bank of Japan maintained its ultra-accommodative policy; the choice pushed the purchases to Tokyo (+1,32%) and sales of yen, with the Japanese currency falling against the major currencies.
In Europe meanwhile Eurostat certified the slowdown in inflation in the single currency area in November, to 2,4% from 2,9% in October. Among the countries where the drop in prices is most marked is Italy, with +0,6% last month, compared to +1,8% the month before and 12,6% in November 2022.
THEeuro reacted to the data without shocks and today it appreciates against the dollar, targeting a change of 1,1.
The subjects are mostly positive and despite some volatility the Petroleum has started to rise again after yesterday's gains following the problems on the Red Sea route. Brent February 2024 rises by 1,67% to 79,25 dollars a barrel; Texas crude oil of the same maturity grew by 1,6% to 73,97 dollars.
Il gas Naturally, however, after the jump the day before, it rewinds the tape practically to the same extent and falls back by 7% to 33 euros per MWH.
The war in Ukraine and the heavy sanctions against Russian gas are reflected in the meantime on Gazprom, which announced a 40% drop in 2023 Ebitda to around 2200 billion rubles (24,3 billion dollars) against 3600 billion in 2022. results include gas, oil and electricity production activities.
Piazza Affari, luxury and banks boost the Ftse Mib
Luxury and banks support the main list today, supported by some industrial stocks starting from Prysmian (+2,03%). The market appreciated the announcement of a reorganization of the leadership team of the cable queen, divided into four new business segments operational from January XNUMXst.
Bene Amplifon + 1,61%.
Among the banks it stands out Mount Paschi and they are in the light too Unicredit +0,87% and Understanding + 1,03%.
Luxury is appreciated starting from cucinelli, after yesterday's subdued debut on the main list instead of Cnh. In the wake Moncler +0,95%. Among the generally weak utilities, it stands out Ivy + 1,48%.
The black jersey of the day goes to stellantis -1,07%, followed by Finecobank -0,52% General Bank -0,44% Snam -0,43%.
Back off Telecom -0,36%, after yesterday's boom following the merger proposal presented by Iliad to Vodafone between their respective Italian activities.
However, today's news is that the board of directors of the Crt Foundation has decided to invest 15 million euros in the F2i-Rete digital fund, thus participating in the acquisition of the fixed network of Tim. Commenting on this, President Fabrizio Palenzona underlined that "the Crt Foundation confirms its role as an institutional investor to strengthen the development and growth of the country on a strategic asset such as the telecommunications infrastructure".
