Waiting session for European stock exchanges taking a break for reflection ahead of today's 14.30pm May US inflation data. It will be from those percentages that you will have important indications on the next moves of the Federal Reserve. If in fact it is now certain that Thursday the ECB will announce a new rate hike of 0,25%, precisely the data on the cost of money could, expected in a sharp slowdown, could definitively convince the Fed to confirm the current level of interest rates in the range 5,0-5,25 %, halting monetary tightening.
Bag latest news
In the middle of the day the stock exchanges travel around parity: just below Business Square (-0,1% to 27.369 points), slightly above (0,1%) Frankfurt, Paris e London. Slightly further back Madrid (0,4%), while Amsterdam salt of 0,3%.
Unemployment stable in Italy, inflation down in Germany and Spain
In the first quarter of 2023, according to Istat il Italian employment rate it rose by 0,3% compared to the last quarter of 2022, reaching 60,9%. The rate was also substantially stable (+0,1%). unemployment, equal to 8%, while that of inactivity drops to 33,7% (-0,4%).
Good news comes from Germany, where in May year-on-year inflation fell to 6,1%, slowing down from +7,2% in April. In Spain, the benchmark index confirms an annual change of +3,2% in May (+4,1% in April), the same value as the preliminary survey.
In Milan all eyes on Mfe
On the Ftse Mib the best title is Prysmian, which marks a 2% progress, followed by Recordati (+ 1,8%) and Tenaris (+1,2%). Rises above 1% also for Interpump, Leonardo and Cnh. Toned stellantis e General, which mark +0,8% and 0,86% respectively.
Instead, the sales hit banks and utilities, even if the worst title is Azimuth (-0,96%). Loses 0,9% Enel after the appointments, while Hera is down by 0,8%. In the banking sector Bper e Bpm bank lose 0,84%, Understanding 0,67%, Unicredit 0,57%.
Travel in parity Telecom Italy, in the spotlight for offers on the network.
Out of the main list, later the death of Silvio Berlusconi, all eyes are still on the headlinesthe Mfe-Mediaforeurope: securities B mark +5,25%, securities A +7,29%.
The other markets
On the secondary it spread between Btp and Bund it remains stable at 167 basis points, with the 4,04-year yield at XNUMX%. On the currency market, theeuro, which reached $1,07977 (from 1,0754 at Monday's close). Up the Petroleum with the push coming from China: the July future on the WTI rises by 0,6% to 67,53 dollars while the August contract on the Brent increases by 0,97% to 72,54 dollars.
