European stock exchanges Volatile on fears of an escalation of the war in the Middle East. After attempting a mid-day recovery following news that an Indian oil tanker had passed through the Strait of Hormuz, stock markets closed in the red again. Oil and gas prices are rising again. Brent returns above $100 a barrel, while the wtf US oil is trading above 95 dollars. Prices are rising above 50 euros per megawatt hour. gas on the Amsterdam Stock Exchange.
After a positive opening, Wall Street is also declining. The data on the Fourth quarter GDP grew by 0,7%According to Dow Jones, expectations were for a 1,5% increase, after a preliminary reading of 1,4%. In the third quarter, GDP had risen by 4,4%. The PCE figure, the Federal Reserve's preferred measure for calculating inflation, which rose 0,3% in January compared to the previous month, in line with expectations. Compared to a year earlier, it increased by 2,8%, versus expectations for a confirmed 2,9% increase the previous month.
READ MORE Between high oil prices and a credit crunch, here's why only the dollar is winning. di G. Bruschi
Milan It starts off badly, then reduces its losses, then increases its profits, and then goes back into the red again. Energy purchases, with Saipem, Eni and Enel at the top of the list. Good Generali. In red Fincantieri, Prysmian e Stellantis.
The rise in bond yields continues government bonds with the bet that the central banks will raise rates to contain inflation pressure. The Italian 10-year bond rises to 3,76%. The spread between BTPs and Bunds remains at 80 basis points. The dollar strengthens against all major currenciesThe euro traded at 1,1461, its lowest level since August.
