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After the positive Black Monday Wall Street, the Europeans rebound

2023-03-14T14:30:26.241Z


The First Republic bank scores a +61%. Inflation slows down in the USA, +6% in February. The figure marks the lowest since September 2021, but the Fed remains under pressure (ANSA)


Wall Street opens positive.

The Dow Jones is up 1.03% to 32,141.37 points, the Nasdaq is up 1.57% to 11,366.79 points while the S&P 500 is up 1.35% to 3,907.59 points

.

First Republic flies to Wall Street, where it marks a 61% increase at the start of trading.

The bank has come under pressure with the failure of Silicon Valley Bank and has racked up heavy losses in recent sessions.

  European stock markets rebound.

Piazza Affari accelerates

after the positive opening of Wall Street, with the Ftse Mib index rising by 2.1%.

The other European Stock Exchanges are also in fourth place with Paris rising by 1.75%, Frankfurt by 1.6% and London by 0.8%.

The Btp-Bund spread, one of the thermometers of risk aversion on the markets, drops by 9 basis points, to 183. Banks rebound on the Milan stock exchange, with Unicredit in the auction of volatility (+4% theoretical) together with Iveco ( +5%) while Generali leaps by 4.1% on the day of the accounts.

After the American data, and in the aftermath of Black Monday with the thud of the collapse of Silicon Valley Bank,

the markets are even more courageous

.

Among the European stock exchanges, Frankfurt gains 1.2%, Paris 1%, Milan 1.15%, Madrid 1.5%.

London is still the most cautious with +0.3%.

The lens remains on the next moves of the central banks, which in some way will have to take into account the tensions on the banking system.

First the ECB which on Thursday will have to take into account the tensions on the banking system, then the Fed. 

Inflation slows in the US

.

Consumer prices in February rose by 6.0% on an annual basis, in line with analysts' expectations.

On a monthly basis, the increase was 0.4%, in line with forecasts.

Consumer prices had risen by 6.4% in January.

The inflation figure is at its lowest since September 2021. Despite the slowdown, it remains well above the Fed's 2% target, on which pressure remains high.

ISTAT


The international scenario remains characterized by a high degree of uncertainty and downside risks.

This was stated

by Istat in the Note on the performance of the Italian economy

in February, underlining that "a path of inflation recovery is beginning to take longer than initially foreseen".

In the fourth quarter of 2022, Italian GDP recorded a slight negative economic change as a synthesis of the positive contribution of net foreign demand and the negative one of domestic demand net of inventories.

ANSA Agency

Svb crisis, black Monday for the stock exchanges.

Europe burns 291 billion - Economy

Svb crisis, the US president tries to reassure the markets, Europe does not follow him: Milan closes at -4%, 24 billion in smoke.

Wall Street bets on the Fed and goes up.

Investors at the window despite the US government's entry into the field.

The Svb case at the Eurogroup.

More stringent rules for Italian and European banks (ANSA)

Source: ansa

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