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Stock market closes March 18: Nasdaq in the race with Google, Apple and Tesla, but Europe is struggling. In Milan, banks and Leonardo are doing well

Rumors about artificial intelligence give wings to Hi-Tech stocks. Milan reaches 34 thousand points, then goes down. The technical decline due to the detachment of Eni and STM coupons also weighs heavily. Spread down to 122 points, oil rises

Stock market closes March 18: Nasdaq in the race with Google, Apple and Tesla, but Europe is struggling. In Milan, banks and Leonardo are doing well

Le European stock exchanges closed a colorless session, despite the strong performance of Wall Street (Nasdaq +1,2%) at the beginning of a field octave for the meetings of many important central banks starting from Federal Reserve. Meanwhile he continues to run Petroleum, a worrying trend on the inflation front, especially after the data on US consumer and production prices seen last week.

There is also great anticipation for the choices of the Japanese central bank, which last night decided to inject liquidity into the system, but which tonight could put an end to the era of negative rates in Japan too.

Thus, between optimism and fear Milan it's flat, like Frankfurt, London e Madrid. Paris retreats by 0,2% e Amsterdam salt of 0,23%.

Meanwhile in the euro zone, after the ECB decided in its last meeting not to touch the cost of money, the slowdown in theinflation in February to 2,6% from 2,8% in January. A year earlier, inflation was at 8,5%, proof that the Eurotower squeeze has had its effects on the rise in prices in the bloc. Annual inflation also fell to 2,8% in the European Union (from 3,1% in January), where a year ago the rate was 9,9%.

In this context the euro dollar it is colourless.

Central banks at work, oil is running high, Brent is above 86 dollars a barrel

Le central banks There are many people called to comment on rates this week and they include the United States, Japan, the United Kingdom, Switzerland, Norway, Australia, Indonesia, Taiwan, Turkey, Brazil and Mexico.

The various countries will have to weigh, among other data, the trend in inflation and the Fed, in particular, will have to deal with a less tepid trajectory than hoped for, in light of the trend in consumer and production prices seen last week. The odds that Jerome Powell reduce the cost of money in the next few days are practically zero, but they are just above 50% also for the month of June.

The trend in prices contributes to complicating the bankers' work Petroleum, which at this stage have started to grow again. Today, crude oil finds support in the performance of the Chinese economy, but also in the Ukrainian attacks on Russian refineries seen over the weekend. The Brent contract, June 2024, moves above $86,3 per barrel and WTI, May 2024, moves above $81,6 per barrel.  

Piazza Affari colorless, after reaching 34 thousand points

Business Square it stops at 33.940 basis points, after having reached 34 thousand points in the morning, with European stock markets encouraged by the positive macro news coming from China, where industrial production and retail sales in January-February rose by 7% annually and by 5,5%.

It stands out on the main Milanese price list Leonardo +2,26%, which is confirmed in money after the results and forecasts. 

The debut on the Ftse Mib is sparkling for Popular of Sondrio, +2,27%, which is the best bank in a sector that is well bought and is seeing progress Bper + 1,83% Bpm bank + 2,01% Mount Paschi + 2,27% Unicredit + 1,47%.

Also in the top part of the basket is the automotive sector Ferrari + 1,52% stellantis + 0,97% Pirelli + 0,85%. 

Among the utilities Terna it appreciated by 1,06% on the eve of presentation of the industrial plan, after the company - in response to press rumors - announced the amount of overall investments envisaged by the new plan to 2028, equal to 16,5 billion euros.

The black jersey of the day goes to Iveco -4,01%, which has grown a lot this year, while it is still a letter for nexi -3,6%, which is struggling to recover. They retreat cucinelli  -3,09% and Amplifon -2,7%.

The stocks called for ex-dividend are weak: Eni, -2,29%, distributes the third tranche of the 2023 coupon of 0,24 euros; stm -1,52%, detaches a quarterly tranche of 0,06 dollars (0,0551 euros).

Former Mediaset stocks rise outside the blue chip index: Mfe A (+ 4,61%) and Mfe B (+4,57%). The CEO, Pier Silvio Berlusconi, believes that advertising sales in Italy and Spain will rise by 5% in the first quarter, above market expectations.

The spread goes down

The closure is in green on the Italian secondary, where the spread between 122-year BTPs and Bunds it drops to 2,67 basis points, with rates falling slightly to 2,44% and XNUMX% respectively.

Wall Street toned after two negative weeks for the S&P 500 and Nasdaq

Wall Street regains momentum after that S & P 500 e Nasdaq they closed last Friday two negative weeks in a row.

Today the tech stocks are once again giving momentum. The leader in artificial intelligence Nvidia rose 0,7% on the day of its annual developer conference, with investors focused on new chip announcements.

They are definitely more toned A +5,74% and Apple +1,64%, driven by the news that the two companies would in talks to equip iPhones with artificial intelligence models of Gemini, developed by Google. 

It also runs Tesla, +5,7%, rewarded for the decision to increase the prices of some cars in the US and Europe.

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