A mixed start for European stock markets, in the last session of a week mainly focused on monetary policy. On Piazza Affari, the Ftse Mib lost 0.4% in the 34,200 point area, with Enel at -1.4% after closing 2023 with a profit of 6.5 billion and raising the dividend to 0.43 euros. STM also fell (-1.6%), while Italgas (+0.6%), Iveco (+0.5%), Leonardo (+0.5%) and Hera (+0.5%) advanced slightly. .
On the calendar today only the German Ifo index and the speeches of some members of the ECB (Nagel, Holzmann, Centeno and Lane). All this, after a week that saw the Fed confirm rates and the projection of three cuts during 2024, the BoE kept the cost of money unchanged and the Swiss central bank surprisingly cut the cost of money by 25 bps.
On bonds, the BTP-Bund spread remains in the range of recent sessions, at 127 basis points, with the yield on the Italian 10-year bond falling to 3.65% and that of the Bund to 2.38%.
Among raw materials, Brent oil stands at 85.4 dollars a barrel. On Forex, the euro/dollar exchange rate depreciates further to 1.0825 and the dollar/yen rises to 151.4 yen per dollar, with the Japanese currency close to multi-decade lows.