Home » EU stock markets weak awaiting US GDP. Tim stands out in Milan

EU stock markets weak awaiting US GDP. Tim stands out in Milan

by admin
EU stock markets weak awaiting US GDP.  Tim stands out in Milan

Listen to the audio version of the article

(Il Sole 24 Ore Radiocor) – The European stock markets are moving in the name of prudence, awaiting the American GDP and the inflation numbers (scheduled for Thursday 29 February), crucial for understanding the Federal Reserve’s next moves. The same goes for Eurozone inflation data, due on Friday 1 March, which will be monitored for indications on the timing of future interest rate cuts by the ECB. Since the start of 2024, traders have significantly reduced their bets on short-term reductions in the cost of borrowing. Confidence indices in the Eurozone and Italy are also scheduled for the day.

In this context, Milan’s FTSE MIB is in the red. The FT-SE 100 of London, the AEX of Amsterdam and the IBEX 35 of Madrid are on the same level, while the CAC 40 of Paris is on parity. The only price list to remain in positive territory is the DAX 30.

Tim shines in Piazza Affari, down Nexi and St

As regards stocks, Telecom Italia shines on the day in which Swisscom announced that it was in advanced exclusive negotiations with Vodafone Group for the purchase of 100% of Vodafone Italia in cash, with the aim of merging the latter with Fastweb. The spotlight is on Moncler and Saipem, which will publish their financial results today. Profits on Davide Campari, after the acceleration of the day before in the wake of the accounts and the increase in the dividend. Nexi and Stmicroelectronics are in the queue, after Apple, one of the group’s major customers, announced that it had put an end to the project, one of the company’s most ambitious, to build its own electric vehicle.

See also  Borsa Milano positive closing betting on bank risk

Euro above 1.08, oil drops

On the currency market, the euro remains above the threshold of 1.08 dollars (1.0856 the previous close). The price of oil is falling: the WTI in April stands above 78 dollars a barrel, the Brent of the same maturity at 83 dollars. On the other hand, natural gas in Amsterdam rises towards 25 euros per megawatt hour.

Spread in the 145 point area, focus on BTP Valore

The spread between BTp and German Bund is stable at around 145 points. The yield of the benchmark ten-year BTp (ISIN IT0005560948) returns to cross the 3.90% threshold. In today’s auction the Treasury will offer seven-year CcTeu and two new 5- and 10-year benchmark BTp for a maximum of 9.75 billion euros. The focus of savers will be on the third day of placement of the BTp Valore, which on the eve raised another 4.6 billion euros, a figure higher than that collected on the second day in the same operation carried out in October and which brings the total of the first two days to 11 billion.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy