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Stock Exchange: Europe and bonds in the spotlight with GDP and inflation data - Breaking news

2023-11-29T14:40:30.011Z

Highlights: Frankfurt rises 1.1 percent, Milan 0.9 percent, Madrid 0.8 percent, Paris 0.4 percent while London gives up 0.1%. The belief that rate hikes by central banks are now over pushes down government bond yields. Stellantis (+4.5%), which leads the rise among cars in Europe, and MPS (+3.7%), are running in Piazza Affari. Investors positioning themselves ahead of the appeal ruling on the derivatives case on December 11, which could free up hundreds of millions of euros.


European stock markets accentuate the gains after the early afternoon data on German inflation, which slowed down in November more than expected, and those on US GDP for the third quarter, revised upwards to +5.2%. (ANSA)


European stock markets accentuate gains after the early afternoon data on German inflation, which slowed down in November more than expected, and those on US GDP in the third quarter, revised upwards to +5.2%. Frankfurt rises 1.1 percent, Milan 0.9 percent, Madrid 0.8 percent, Paris 0.4 percent while London gives up 0.1 percent.
The belief that rate hikes by central banks are now over - Fed swaps are pricing in a quarter-point cut by May - pushes down government bond yields, with the ten-year BTP giving up almost seven basis points, to 4.177%, while the spread with the Bund is slightly decreasing to 173 basis points.
Stellantis (+4.5%), which leads the rise among cars in Europe, and MPS (+3.7%), are running in Piazza Affari, with investors positioning themselves ahead of the appeal ruling on the derivatives case on December 11, which could free up hundreds of millions of euros in provisions for legal risks. Bper (+2.8%), Fineco (+2.6%), Stm (+2.5%), Interpump (+2%), Diasorin (+2%) and Prysmian (+1.8%) also performed well. Campari(-2.2%), Tim (-1.5%) and A2A (-0.6%) bucked the trend, with Leonardo (-0.6%) and general (-0.5%).
On the energy front, while the price of oil is recovering (+1.2% to $77.3 for WTI and +1% to $82.5 for Brent), the price of gas continues to collapse, falling by 4.7% to €40.8 per megawatt hour.


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Source: ansa

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