Markets rising in Europe thanks to the luxury boom, US inflation data and solid profits from American banks, which also support Wall Street. The market continues to bet on a first rate cut from the Fed in June, but with a 50% chance that a second move could come by the end of the year. Even the Asian markets closed higher. The spotlight is on US retail sales and unemployment benefits data, and the minutes of the ECB's December meeting.
Il luxury sector stands out in particular, with results that exceed expectations from Richemont. Cartier's parent company explodes in Zurich, while Hermès advances in Paris, fueling enthusiasm for the sector. Milan, the Ftse Mib is almost at 36 thousand points, but Paris it is the best square in Europe, while Frankfurt e London they are more cautious. In red Madrid.
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A Square Business, Moncler leads the earnings, followed by BRUNELLO CUCINELLI. The tech sector remains under observation after the good results of Tsmc. Also highlighted Generali, in talks with Natixis for the integration of asset management activities, and stellantis, which reports a decline in global deliveries in the fourth quarter, but with signs of recovery in Europe. Purchases also for Leonardo, which benefits from the promotion of Morgan Stanley.
The yield on the 10-year BTP rises slightly to 3,71%, with the spread compared to the Bund substantially stable at 116 basis points.
On the foreign exchange market, theeuro/dollar remains stable, while the Petroleum continues to rise thanks to the truce in Gaza, with WTI at $80 a barrel and Brent above $81.