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Stock Market Today December 6: Europe Confident Bets on Fed Cuts. Paris Best, Milan Led by Moncler – LIVE

Stock Market Today December 6: Political clarification in France boosts the Cac40, with luxury also dragging Moncler. US employment data increases expectations of a Fed rate cut in December – Follow LIVE

Stock Market Today December 6: Europe Confident Bets on Fed Cuts. Paris Best, Milan Led by Moncler – LIVE

Le European stock exchanges close on the rise, with Paris (+1,31%) who leads the caravan thanks to the socialists' opening to formation of a new government, while Milan (+0,36%) marks the seventh consecutive session in positive territory, thanks to big names such as Moncler (+4,96%). Despite a day of gains in the banking sector, the Ftse Mib maintains good momentum, with the blue chip index just shy of 35.000 points.

The atmosphere is solid even at Frankfurt (+0,21%) and London closes with a slight decline (-0,5%). Off the market radar, the news on Romania and Congo do not provoke significant reactions.

A Wall Street, markets remain in the territory positive, while employment rises with 227 thousand jobs in November, beating forecasts. Despite this, experts are still betting on an imminent rate cut by the Fed, with a 91% probability according to the Fedwatch tool. Unemployment rises slightly to 4,2%, but wages continue to rise.

On the currency front, theeuro gives up slightly, while bitcoin, after having broken through 100 thousand dollars, falls back below that threshold. Among raw materials, the Petroleum loses ground, with WTI and Brent futures falling.

A Square Business, Moncler e cucinelli (+1,15%) are among the protagonists, thanks to the promotion of Goldman Sachs, while Campari (+ 2,69%) and stellantis (+3,19%) continue their run. Bper (-2,84%) And Unicredit (-0,62%) sales suffer. The spread between BTPs and Bunds remains stable at 109 points, with the yield on the 3,2-year BTP at XNUMX%.

Read EVEN Stocks, hopes of government with socialists in France relaunch the Paris stock market and luxury

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