Le European stocks close cautiously higher, with the exception of Madrid, which loses 1,45% due to the collapse of Inditex (-6,58%) after a disappointing quarter. Milan stands out with a +0,6%, thanks to the leap in Leonardo (+ 3,06%), Saipem (+ 2,57%) and Telecom Italy (+ 2,96%). Frankfurt, London, Paris e Amsterdam recorded more modest increases, respectively +0,41%, +0,3%, +0,39% and +0,3%.
Meanwhile, Wall Street keep running, with the Nasdaq which marks a +1,56%, touching new all-time highs, supported by US inflation in line with expectations in November (+2,7% annual). Expectations of a rate cut by the Fed are strengthening, with the market now expecting a high probability of a 25 basis point reduction as early as December.
A Square Business, defensive stocks such as utilities are suffering, with Hera e A2A declining. stellantis loses 0,6%. Banks are little moved, but attention remains high on Anima, following the increase in its share by the Caltagirone group.
Lo spread BTP-Bund is stable at 107 basis points, as the market prepares for a possible rate cut by the ECB.
THEeuro continues to fight against the dollar, while the price of thegold rises close to all-time highs and the Petroleum gains ground, despite OPEC's forecast of weaker global demand.
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