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Stock market: Europe rises with quarterly reports, we look at US banks - Breaking news

2024-02-02T10:41:10.622Z

Highlights: European stock markets continue to rise with the quarterly results, in particular those of the big technology companies in the United States. The cut in interest rates is in the spotlight, while data on the US labor market is awaited. Safe haven assets rise as the specter of the regional banking crisis returns in the U.S. On the currency front, the euro rises to 1.0892 against the dollar. The price of gold is up 1.1% at $2,053 an ounce.


European stock markets continue to rise with the quarterly results, in particular those of the big technology companies in the United States. The cut in interest rates is in the spotlight, while data on the US labor market is awaited. (HANDLE)


European stock markets continue to rise with the quarterly results, in particular those of the big technology companies in the United States.

The cut in interest rates is in the spotlight, while data on the US labor market is awaited.

Safe haven assets rise as the specter of the regional banking crisis returns in the United States.

On the currency front, the euro rises to 1.0892 against the dollar.


    The Stoxx 600 area index gained 0.5%.

On the rise: Frankfurt and Madrid (+0.7%), Paris (+0.5%), after the increase in industrial production in December, London (+0.4%).

The main European stock markets are supported by the real estate sector (+1.4%).

The car sector (+1.5%) and luxury (+1%) are also growing.


    Banks are rising (+0.9%), seeing higher revenues in a context of high interest rates also in the coming months.

Benele utilities (+0.4%), with the price of gas rising to 29.1 euros per megawatt hour (+0.5%).

Energy fell sharply (-1.2%), with oil rising.

The WTI gains 0.6% to 74.2 dollars a barrel and Brent at 79.1 dollars (+0.6%).


    Government bonds rose slightly.

The spread between BTP and Bundsale at 156 points, with the yield on the Italian ten-year bond at 3.72%.

The Bund also rises to 2.17% (+2 points).

The price of gold is up 1.1% at $2,053 an ounce.


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Source: ansa

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