by Verità&Affari editorial team
European markets, including Piazza Affari, are closed today for the Good Friday holiday and will return to trading on Tuesday, as there will also be no trading on Monday 1 April for Easter Monday.
I first three months they saw the same script as at the end of 2023, with stock markets continuing their growth. The FTSE MIB, the main index of the Italian Stock Exchange, continues to outperform, posting +14% since the beginning of the year. This figure compares with +9% of CAC 40+10% of DAX+3% of FTSE 100+12% ofAEX and +10% ofIBEX 35.
On the macroeconomic frontthis morning the main indications came from France: Inflation was lower than expected in March with an increase of 2.3% year-on-year, producer prices fell again in February and household consumption was stable in February.
All eyes are on the indications arriving from the United Statesdespite Wall Street being closed: in addition to the release of the price index PCEthe Fed’s preferred inflation indicator, investors will also be closely following the Fed chair’s speech Jerome Powell.
The operators of have reduced bets that the Fed will cut rates as early as June, following comments from Fed Governor Christopher Waller on Wednesday that there is no rush to lower interest rates. According to the CME’s FedWatch Tool, traders see a 63% chance for a cut of at least 25 basis points in June, down from 75% a week ago. (Teleborsa)