Le bags europee close above par, slowing down at the end with focus on Trump's moves on tariffs, the day after the ECB and while the earnings season continues. A day full of macro data: French inflation stands at 1,4%, while in Germany it falls by 0,2%, beating expectations. The ECB forecasts an average inflation of 2,1% for 2025, suggesting further rate cuts. Milan closes +0,12%, Paris + 0,11% Frankfurt below parity and Madrid -0,4%.
READ MORE Stocks Recover, Trump's Tariffs Push Dollar
Overseas the situation is better. Wall Street is travelling upwards supported by Apple accounts and come on Use macro data: the labor cost index marks +0,9% in the fourth quarter, in line with expectations, and personal spending increases by 0,7% in December. Also thePCE inflation December did not reveal any major surprises (+0,3%). Theeuro slips to 1,038 dollars (-0,38%), while the 10-year Treasury yield is stable at 4,52%.
On the Milanese stock exchange in light stm, which recovers with a +2,88% after yesterday's drop due to disappointing 2024 accounts and uncertain forecasts for the first quarter of 2025. Also doing well Leonardo (+ 2,16%) and Prysmian (+ 1,32%). Ferragamo stands out with a +6% thanks to solid 2024 revenues, also driving cucinelli (+ 1%) and Moncler (+0,5%). Banks remain under observation, with Ps down 0,22% awaiting takeover bid Mediobanca (-0,8%) And Unicredit (-0,89%), which slips in anticipation of the Golden Power on Banco Bpm. Among the worst also Campari (-1,2%), Iveco (-1%) And Inwit (-0,99%).
