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STOCK EXCHANGES LATEST NEWS: Piazza Affari is the best, the banks are running. Inflation down in Italy and in Europe

Milan is the best among the European stock exchanges waiting for the Fed. The Unicredit effect on the banks continues. The euro strengthens. Stable spreads

STOCK EXCHANGES LATEST NEWS: Piazza Affari is the best, the banks are running. Inflation down in Italy and in Europe

Stock exchanges latest positive news in Milan and in Europe. The Ftse Mib continues to rise again today Wednesday 10st February after closing a memorable January which recorded a XNUMX% increase. Piazza Affari is the best among the European stock exchanges and everyone is awaiting the decisions of the Fed to better understand which guidelines the US central bank will follow in the coming months. The banks in evidence are giving impetus to the Milan Stock Exchange while inflation data, while positive, were received with the awareness that the ECB will raise rates in any case. Inflation in Italy fell to +10,1% in December and slowed down to 8,5% in the Eurozone 20 (E20). However, it is a marked slowdown compared to the +11,6% in the month of December.

Stock exchanges latest news: banks in the front row

The Unicredit rally continues in Milan (+1,6%) but Intesa Sanpaolo also climbs (+2.01%) in view of the accounts that will be presented on Friday 3 February. Rises are led by Bper Banca (+3,66%) but Unipol (+2,85%), Generali (+1,4%), Mediobanca (+1,02%), Banco Bpm (+1,09%) also rise .

Outside the Ftse Mib in the spotlight Ovs +16,2% thanks to numbers above expectations, encouraging forecasts for 2023 and allo stop negotiations for the purchase of Coin. On Tuesday 31 January with markets closed, Ovs said that sales in 2022 exceeded 1,5 billion thanks to the fourth quarter contribution of 420 million (+11%). «The comments on the 2022 results and the 2023 outlook, combined with the decision on Coin, are supportive for the stock», say Equita analysts who have a hold opinion on the stock with an improved target price of 3 euros.

In Europe they are stable the other lists: Paris +0,19%, London +0,2%, Frankfurt +0,25%.

Markets: oil stable, euro strengthens, spread firm

Oil: salt the Brent at 85,84 dollars (+0,46%) , the WTI USA it is up 0,77% to $79,48. The price of the natural gas in Amsterdam.

On the foreign exchange market, the'EUR it is strengthening to $1,0881 from 1,0850 in Tuesday's close.

The spread was essentially stable BTP-Bund hovering around 185 basis points from 186 basis points at Tuesday's close.

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