European stock markets close positively, supported by signals from Wall Street and Tokyo and by expectations of a next interest rate cut by the Federal Reserve. The slowdown in the US labor market, confirmed by the ADP report, has strengthened speculation of an accommodative shift by the central bank: in November, the US private sector lost 32.000 jobs, compared to forecasts of a gain of 10.000. On the geopolitical front, remain under observation peace negotiations in Ukraine, at the moment in stalled following the cancellation of the meeting between President Volodymyr Zelensky and the American delegation led by Steve Witkoff and Jared Kushner.
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In the Old Continent a climate of prevails controlled optimismFrankfurt and Madrid are the most in tune, followed by Paris. London is above par. At Piazza Affari, the FTSE MIB closes up 0,3%, driven by purchases on Interpump, which is about to leave the main list to make way for Fincantieri. Keep running Stellantis, supported by the positive assessments of several investment banks and by rumours that the Trump administration is ready to soften fuel efficiency standards for cars, a measure that would ease regulatory costs for manufacturers. Among the STMicroelectronics stands out among the best stocks, driven by the rally in the technology sector following rumours of a possible listing of Anthropic on Wall StreetOn the other hand, Italgas, Recordati, and Inwit are declining. MPS's decline continues unabated. Sales hit the stock again in the wake of the investigations by the Milan Public Prosecutor's Office into the takeover of Mediobanca, while the market awaits tomorrow's Board of Directors.
Internationally, spotlight also on Microsoft, which has recovered ground on a mixed Wall Street after recent pressure on the stock. As reported by The InformationAccording to reports, the Redmond-based company has lowered its corporate spending expectations for new artificial intelligence products. The news has dampened some enthusiasm for the AI sector, but hasn't dented investor confidence in the tech giant's medium-term prospects.
