They can't take off today European stock exchanges after closing record from the previous session, while Asian stock markets are rising and futures are predicting aWall Street opens higherTrading is subdued, and analysts expect some market volatility, due to limited liquidity ahead of a very short week dominated by the Christmas holidays.
L'pan-European index Stoxx 600 at mid-session stands at 586,22, down 0,22%. The main regional markets are down, with London and France idown 0,3% each and the Ftse Eb down 0,2%.
The Stoxx 600 gained more than 1% last week after slowing consumer price inflation in the United States strengthened expectations of further rate cuts by the Federal Reserve, While the European Central Bank It kept monetary policy rates unchanged and took a more positive view on the eurozone economy.
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The banking sector holds with the benchmark index at 352,19 (+0,01%) after largely leading last week's gains. The sector has grown more than 65% since the beginning of the year, one of the strongest in the market, with analysts pointing to a resurgence in mergers and acquisitions activity, a relatively stable economic environment. defense and aerospace sector European stocks fell by 0,4% after having risen by more than 3% in the previous two sessions. Among the stocks, the Abivax jumps 7,6% after the media reported new rumors of a possible acquisition by the US pharmaceutical giant Eli Lilly.
Il European Technology Sector is up 0,5%, rebounding after closing the previous week with a decline of 0,9%. sectors related to raw materials rose, with the benchmark sector rising 0,8% after stock prices have exceeded $4.400 for the first time and the prices of the Copper have reached a record level. The sector of oil companies gained 0,2% following therising oil prices due to new tensions between the United States and Venezuela and the escalation of hostilities between Iran and Israel.
LStoxx 600 Index is ready to record the strongest annual performance since 2021, Benefiting from falling interest rates and the fact that global investors are diversifying their portfolios, moving away from sky-highly valued US technology stocks. "We expect the positive macroeconomic momentum in the eurozone to persist and corporate earnings growth to pick up... we particularly like banks, utilities, industrials, technology, and Germany," said analysts at UBS Global Wealth Management.
Saipem and Telecom Risparmio are the protagonists at Piazza Affari.
In Italy Industrial producer prices rose sharply in November (+1%), due, according to Istat, to energy prices. They are down 0,2% year-on-year.
Lo spread Ten-year government bond yields in Italy and Germany are at 66 basis points this morning, with the 10-year BTP at 3,56%.
In Milan, the Ftse Eb is down 0,2% and stands at 44.673 points; the same line is moving Ftse Italia All-Share, at 47.357,38 points, down 0,20%
At Piazza Affari, it is noted Saipem (+3,20%) which she won an offshore EPCI contract in the LNG sector in Qatar worth approximately 3,1 billion dollars; also highlighted Telecom Italia Savings (+5,54%) – Tim instead gives up – after theannouncement of the board of directors of the convening of the meeting in January to deliberate the conversion of savings shares into ordinary shares (-1,1).
The rally continues today Juventus (+2,8%) which adds to the +7,2% of last Friday, when the stock had jumped on bets of a relaunch of Tether's offer after the first proposal was rejected by the Agnelli family.
Banks moved little with the big ones Unicredit at -0,2% and Intesa San Paolo down 0,05%. The most toned is Pop Sondrio (+ 0,8%)
