Le European stock exchanges lengthen their stride and close positively, overcoming the uncertainty linked to American inflation, while the Trump-Putin phone call fuels hopes for peace in Ukraine. The prospect makes people soar Moscow (+6%) and strengthens the ruble. All European squares are doing well: Milan nearly reaches 38 thousand points, closing with a gain of 0,82%, the highest since 2008. It rises Paris +1,52% while the pink jersey of the day goes to Frankfurt (+2,10%). Madrid e Amsterdam almost flat, while London It confirms its position as the worst performer among the Old Continent's stock markets, penalised by disappointing growth forecasts and fears for the domestic economy.
On the macro front, the data on the European industrial production which saw a 1,1% contraction in December, with an annual decline of 2%. In Usa, producer prices rose 0,4% in January, above expectations, for a year-on-year increase of 3,5% versus the 3,3% forecast. Meanwhile, Wall Street opened slightly higher after Wednesday's decline. Eyes on duties: Donald Trump has announced that “today is the big day” for reciprocal tariffs.
Read EVEN Stocks, good mood on world markets
On the Milan stock exchange, the spotlight is still on bank risk: Commerzbank confirms the results and forecasts a profit of 2,4 billion in 2025, but announces the cut of 3.900 jobs by 2028, with Unicredit that is losing ground. Bad too bpm, penalized by the downgrade of Mediobanca, although Hsbc raises the target, and the sector in general. Meanwhile, the season of quarterly reports continues: Moncler awaits the showdown after the markets close, while Telecom Italy is directionless despite the 2024 accounts and a possible return to dividends from 2026. nexi continues its rally, supported by rumors of a possible change of ownership. Rain of purchases also on Stellantis, Pirelli e Campari and the luxury driven by Essilux's accounts. Energy stocks suffer, while Leonardo (recovering) is affected by the weakness of the defense sector.
The start of peace negotiations in Ukraine weakens the dollar, With the 'euro rose to 1,0433. The Petroleum continues to fall, with Brent at 74,5 dollars and WTI at 70,69, while natural gas in Amsterdam it drops to 54,1 euros. Thegold continues its run, remaining at highs of $2.917 an ounce.
READ MORE: The closing of the stock market
