Home » Stock markets, the rally continues. Mediobanca takes off in Milan

Stock markets, the rally continues. Mediobanca takes off in Milan

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Stock markets, the rally continues.  Mediobanca takes off in Milan


Of Enrico Miele e Giorgia Colucci

The Old Continent recovers from the excellent performances of the day before. The euro is recovering against the dollar, while oil prices are falling. Tokyo is closed for holidays

2′ reading

(Il Sole 24 Ore Radiocor) – I European price lists continue on a positive note, after the rush of the day before due to the euphoria of the tech sector and the record profits of the chip manufacturer Nvidia, which on Wall Street is now close to two trillion dollars in capitalisation.

Il FTSE MIB of Milan is on the rise. Plate the DAX 30 of Frankfurt, which has to deal with the confirmation of the negative German GDP also in the fourth quarter of 2023 (the Ifo index is also expected on the macro front). They are also moving in positive territoryAEX of Amsterdam and the FT-SE 100 of London and the CAC 40 of Paris, while the only one to decrease is theIBEX 35 in Madrid.

Euro rises slightly, oil drops

On the foreign exchange market, theeuro rises above 1.082 dollars (from 1.081 at the previous closing), while the natural gas fluctuates around the 23 euro threshold on the Amsterdam TTF. Declining petroliumwith April Brent trading above 83 dollars per barrel and the WTI of the same maturity above 78.

Asia recovering, but the real estate sector weighs. Tokyo closed

In the absence of Tokyo – closed for holidays after having exceeded the highs recorded in 1989 – the recovery of the Chinese stock markets continues where, however, the difficulties of the real estate sector are confirmed. The prices of new homes recorded an annual drop of 0.7% in January, almost double that of December (-0.4%) but in line with analysts’ estimates. This is the seventh consecutive monthly contraction, according to the Office of National Statistics, and the heaviest for almost a year (March 2023), despite the efforts made so far by the central government to mitigate the prolonged impacts generated by the crisis in the real estate sector and by the fragile economic recovery.

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Enrico Miele

Radiocor editor

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