European stock markets down day, influenced by disappointment for the Federal Reserve, which he announced only two rate cuts for 2025, far from the expectations of four. Consequently, all the European markets close in red, with Milan at the top of the list of decliners, marking a -1,78% and slipping below 34.000 points. Paris (CAC 40) loses 1,22%, Frankfurt (DAX) falls by 1,39%, while London (FTSE 100) falls 1,17%. Stock markets also Madrid (IBEX 35) and Amsterdam (AEX) record significant losses.
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In Milan, the worst performances are those of Telecom Italy, which dropped 7,86% after the announcement of thebinding offer by Tesoro-Retelit, and STMicroelectronics, down 6,27% due to sales in the technology sector, hit by the slump in Micron on Wall Street. Interpump (-4,79%) And nexi (-3,55%), despite the rating upgrade by Fitch, show significant declines, while also Stellantis (bad registrations in November), Unicredit, Mediobanca e Banco BPM fall between 2% and 3%. The banking sector is under pressure with Unicredit criticized by the German government for increasing its stake in Commerzbank, while Banco BPM e MPS they are also in difficulty.
The only bright side of the day comes from Saipem (+3,44%), thanks to a 900 million dollar offshore contract in Nigeria, and from Campari (+ 1,06%).
Lo BTP/BUND spreads rises to 117 points, with an increase of 0,95%.
On Wall Street, however, there was a rebound, thanks to US GDP data, which grew more than expected. Nasdaq earn 0,85%, S & P 500 grows by 0,66% and Dow Jones rises 0,62%, recovering ground after the disappointment with the Fed's monetary policy.
In the cryptocurrency market, Bitcoin falls below $100.000, marking the worst decline since last September, while oil retreats with WTI below $70 a barrel and Brent at $73. In contrast, natural gas recorded a rise of 5,47%, reaching 43,25 euros per MWh in Amsterdam, after Kiev's decision not to renew the agreement for the transit of Russian gas.
Finally, theeuro returns above $1,04, at 1,041.
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