Le European stocks close sharply higher, driven by enthusiasm for the positive opening of Wall Street and a more relaxed geopolitical climate. Investors are once again hoping for an easing of monetary policies, while on the geopolitical front the truce in the Middle East , “Positive” Phone Call Between Donald Trump and Xi Jinping, as the American president-elect called it, contribute to strengthening optimism. Yields on bonds are still falling government bonds as hopes for a new beginning are rekindled rate cut in the US, As well as in Europe, where several ECB officials have indicated monetary easing as the path Frankfurt is headed towards.
London leads the markets with the FTSE 100 gaining 1,35%, reaching a new all-time high of 8.505,29 points. Piazza Affari follows suit, with the Ftse Mib up 1,35% and at its highest since 2008, closing at 36.267 points. On the Milan stock exchange Automotive stocks shine: Iveco marks a +5,72% and Stellantis a +2,8%, benefiting from the news of New EU initiatives to support the transition to electric.
Even the Other European markets show solid progress: Frankfurt rises by 1,3%, Paris by 0,98%, Amsterdam by 0,72% and Madrid by 0,57%.
The European mining sector stands out thanks to the voices of a Possible merger between giants Glencore and Rio Tinto. On the macroeconomic front, optimism is fueled by a China's GDP beats expectations, European inflation in line with forecasts and dovish comments from several central bankers, which raise hopes of imminent rate cuts in both the United States and Europe.
On the Piazza Affari stock exchange, in addition to the car sector, highlight stocks like Generali, which is close to 30 euros per share after the announcement of the acquisition of Mgg and in view of theagreement with Natixis in asset management. Buzzi, Azimut and Nexi are also positive. Amplifon, Saipem and Mps are losing ground.
overseas, Wall Street moves higher with the S&P 500 and Nasdaq accelerating.
Stable gold after the previous day's gains. The Oil is moderately down, aided by the truce in Gaza: Brent for March 2025 loses 0,75%, falling to 80,69 dollars a barrel, while WTI is trading at 77,25 dollars (-0,65%).
spread at 113 basis points.
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