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Stock market: positive Europe awaits Wall Street, Milan +0.5% - Breaking news

2024-02-02T12:09:43.298Z

Highlights: Stock market: positive Europe awaits Wall Street, Milan +0.5% - Breaking news. Weekly data on the labor market in the United States are awaited, to evaluate the trend of economic growth. Safe haven assets raise their heads with gold gaining 1.1% to 2,054 dollars an ounce. Tenaris is running on Piazza Affari (+3.1%). In the spotlight Tim (+2.7%), after the Mef's offer for Sparkle and in view of the accounts, eStellantis (-2.6%).


European stock markets rise in the middle of the day and in view of the start of Wall Street where futures are positive. Weekly data on the labor market in the United States are awaited, to evaluate the trend of economic growth. (HANDLE)


European stock markets rising mid-day and ahead of the start of Wall Street where futures are positive.

Weekly data on the labor market in the United States are awaited, to evaluate the trend of economic growth.

Useful elements for decisions on rate cuts, after the warning from the International Monetary Fund which asks central banks not to loosen monetary tightening prematurely.

On the currency front, the euro rises to 1.0884 against the dollar.


    The Stoxx 600 area index gained 0.6%.

Positive Madrid (+1.1%), Frankfurt (+0.8%), Paris (+0.6%), Milan (+0.52%) and London (+0.27%).

The price lists are supported by the real estate sector which gains 1.4%.

Purchases also on cars (+2%), with quarterly accounts, and banks (+0.7%) which see higher revenues with the persistence of a high interest rate environment.

Utilities are on the rise (+0.7%) as they look to the volatility of gas.

The price rises by 0.4% to 29.1 euros per megawatt hour.


   Energy fell sharply (-1%), with oil rising.


    Government bonds moved little.

The spread between BTPs and Bunds stands at 155 points, with the yield on the Italian ten-year bond at 3.71%.

Safe haven assets raise their heads with gold gaining 1.1% to 2,054 dollars an ounce.


    Tenaris is running on Piazza Affari (+3.1%).

In the spotlight Tim (+2.7%), after the Mef's offer for Sparkle and in view of the accounts, eStellantis (+2.6%).

The banks in no particular order.

Bper gave 1.1%, Intesa and Unicredit (-0.5%), Banco Bpm (-0.3%) while Mpssale 0.5%.


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Source: ansa

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