Positive closing for Piazza Affari and Europe, while Wall Street moves little while waiting for the president of the Fed, Jerome Powell.
The Ftse Mib ends up 0.5% at 28,163 points, with purchases on Bper (+3.15%), Prysmian (+2.9%) and Moncler (+2.25%). However, Telecom Italia (-2.5%), Pirelli (-1.8%) and Amplifon (-1.7%) fell.
The sell-off in bonds continues, in the wake of the prospect of higher interest rates for longer. The 10-year Treasury stood at 4.62%, after reaching its highest since 2007. The BTP-Bund spread widened to 193 basis points, with the Italian 10-year bond increasing by 11 bp to 4.89%.
On Forex, the euro/dollar strengthens to 1.057. Among raw materials, Brent is close to 94 dollars a barrel.
German data on inflation were released today, falling beyond expectations to 4.5% per year (harmonized index at 4.3%) while in Spain there was an acceleration to 3.5% (3.2% harmonized) even if the core figure slows down to 5.8%. In the USA, second quarter GDP was confirmed at 2.1% and personal consumption grew by only 0.8%.
Tomorrow focus on eurozone consumer prices and US core PCE.