The long-awaited day has arrivedUS inflation. In the early afternoon, the data on US consumer prices for the month of March will be released, a data that the whole world is looking at to understand what the next decisions of the Federal Reserve after the doubts that arose in recent weeks regarding a possible slowdown on rate cuts. In fact, more and more analysts are convinced that this time monetary easing could start from Europe and not from the USA. From the meeting of ECB no decisions are expected tomorrow, but confirmations on an upcoming cut in June.
In the meantime the sensational has arrived Fitch's rejection of China. The agency has in fact cut its outlook on the Dragon's sovereign rating to "negative" from stable "due to risks linked to public finances". According to Fitch, China's public deficit is set to rise to 7,1% of GDP in 2024 (from 5,8% in 2023), to the highest level since 8,6% in 2020. The agency, however, has maintained unchanged the long-term rating on Chinese sovereign debt at “A+”.
Stock markets latest news: Europe rising awaiting US inflation
While waiting for the verdict to arrive from the USA, European stock markets are moving higher. AND Amsterdam the best (+0,96%), followed by Business Square which marks +0,83% driven by the rebound of MPS and the excellent performance of Stellantis and Ferrari. Similar trend to Frankfurt (+0,77%), slightly behind Paris (+ 0,47%) and Madrid (+0,54%). Outside the EU London advances by 0,63%.
MPS rebounds in Milan
In Milan, after the sales of recent weeks, it stands out Ps (+2,87%) benefiting from the hypotheses on an imminent extraordinary operation. The latter hypothesis is favored by the words pronounced the day before by the Minister for the Economy, Giancarlo Giorgetti, who, responding to journalists about a possible merger of the bank, said: 'the shoe is ready, I believe 2024 should be the good year ”. And in particular, investors are keeping a close eye on Banco Bpm (+1%), the first suspect to tie the knot with Rocca Salimbeni.
The performance of the banking sector is positive: Pop Sondrio (+ 2,17%), Intesa Sanpaolo (+ 1,13%), Unicredit (+ 0,46%).
Seat in intense green also for stellantis (+1,97%) on the day of the meeting between CEO Tavares and the unions, e Ferrari (+ 1,95%).
Traveling above parity (+0,16%) Enel, in the aftermath of the accident at the hydroelectric power plant in the Suviana basin.
It is still at the rear Iveco (-2,32%), while it is in the red Leonardo (-1,44%) which still pays off the Goldman Sachs report on the defense sector. Bad Amplifon (+ 1,36%) and Italgas (-0,97%) which according to the Courier would have sent a preliminary proposal to acquire 2i Rete Gas.
Gold is cooling, oil is still rising
After the numerous records reached in recent days, thegold stands at $2.365 per ounce, with the spot contract at $2.346 per ounce. However, prices continue to rise Petroleum, with May WTI above 85,7 dollars a barrel and Brent at 89,88 dollars.
On the currency market, the euro/dollar it is little moved, in the 1,086 area. Finally, on the secondary, lo spread between BTPs and Bunds falls to 132 basis points, while the rate on the benchmark Italian 3,69-year BTP is at 0,74% (-XNUMX%).
Bank of Italy: family mortgages fall to 4,31% in February
Meanwhile, according to the latest Banking and Money Bulletin published by the Bank of Italy, in February i interest rates on loans paid in the month at families for the purchase of homes including ancillary expenses (Global Effective Annual Rate, Taeg) stood at 4,31% (4,38 in January). The share of these loans with an initial rate fixation period of up to 1 year was 17 percent (22 percent in the previous month). The APR on new consumer credit disbursements is instead at 10,59% (10,75 in the previous month). THE interest rates on new loans to companies non-financial loans were equal to 5,34% (5,48 in the previous month), those for amounts up to 1 million euros were equal to 5,81%, while the rates on new loans for amounts exceeding this threshold were are placed at 5,00%. The interest rates on all outstanding deposits were 1,02% (1,00 in the previous month).
