by Verità&Affari editorial team
Piazza Affari gains €0.73
European stock markets closed the last session of a week in positive territory, which was the best of the new year. The lists are supported by a series of positive quarterly reports and the belief that, after yesterday’s comments by President Christine Lagarde, the ECB will be able to start cutting rates in April. So the Ftse Mib closes at +0.73%, Frankfurt +0.3% and Paris is the pink jersey of the Old Continent (+2.28%) driven by the leap of LVMH (+12.8%) after the record accounts of 2023. A rally that has dragged along the entire European luxury sector and which has also benefited Moncler (+9.6%) and Brunello Cucinelli (+6.3%).
Delude Stm
Among the best in the Campari price list (+5.4%) supported by the entire sector. St, on the other hand, is in the red (-2.66%), which, following the approval of the 2023 accounts, is affected by the disappointing indications provided by Intel for the first quarter of the year. Overseas, Wall Street is rising slightly (Dow Jones +0.22%) after the data on American inflation, which fell more than expected (core inflation at 2.9%, against estimates of 3%). On the currency market the euro recovers to 1.0861 (1.0830 closing yesterday). Oil rose slightly with WTI in March, losing 0.25 to 77.17 dollars a barrel and the same Brent delivery slipped by 0.06% to 82.4 dollars. The price of natural gas on the Amsterdam TTF platform rises: the February contract gains 1.15% to 28.1 euros per megawatt hour.
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