Home » Piazza Affari ends positive (+1.1%), more purchases on Saipem

Piazza Affari ends positive (+1.1%), more purchases on Saipem

by admin
Piazza Affari ends positive (+1.1%), more purchases on Saipem

European stock markets closed the first session of March on a rise, after the records set in February. On Piazza Affari, the Ftse Mib closed trading with an increase of 1.1% at 32,934 points, with Saipem (+8.4%) still in evidence following the quarterly report. There were also purchases on Iveco Group (+5.2%) and Poste Italiane (+4.1%), while Diasorin (-1%) slipped to the bottom of the main list.

In the eurozone, consumer prices recorded annual growth of 2.6% in February, down from 2.8% in January but above the 2.5% expected by analysts. The core data also slowed down, from 3.3% to 3.1%, compared to the consensus of 2.9%.

As for the labor market, the region’s unemployment remains at a low of 6.4%, fueling concerns about wage pressures. Overall, the data reinforces the cautious case of ECB officials, who prefer to wait for more evidence of cooling prices before starting to cut rates.

In the USA, the ISM manufacturing index fell to 47.8 points, disappointing analysts’ expectations and signaling a more marked contraction in the sector.

As for next week, the spotlight will be on the ECB meeting and the data on the US labor market on Thursday and Friday respectively. Powell’s testimony to the US Congress between Wednesday and Thursday should also be followed.

On bonds, the BTP-Bund spread widened to 146 bp, with the yield on the Italian ten-year bond at 3.87% and that of the Bund at 2.41%. In Italy, meanwhile, the placement of the BTP Valore was completed with a collection of 18.3 billion euros.

See also  Haohua Energy intends to transfer some real estate investors in the Jingxi mining area, and investors continue to collect claims_ Financial Channel_ Securities Star

Among raw materials, Brent oil reaches 84 dollars a barrel. On Forex, the euro/dollar exchange rate rose slightly to 1.083 and the dollar/yen was again above 150 yen per dollar.

In the meantime, Bitcoin’s rally is interrupted, returning to $61,500.

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