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Stock market: sluggish Europe awaits Wall Street, Milan +0.3% - Breaking news

2024-02-09T12:04:33.036Z

Highlights: Stock market: sluggish Europe awaits Wall Street, Milan +0.3% - Breaking news. Markets are awaiting the annual revision of the consumer price index in the United States. A figure, according to analysts, which could influence the Fed's next decisions regarding rate cuts. Meanwhile, confirmation of the slowdown in prices comes from Germany. On the currency front, the euro remains weak at 1.0768 against the dollar. The Stoxx 600 index rose by 0.1%. In the Old Continent, Milan (+ 0.3%) wears the pink jersey.


European stock markets are sluggish at mid-session ahead of the start of Wall Street where futures are mixed. Markets are awaiting the annual revision of the US consumer price index. (HANDLE)


European stock markets are sluggish at mid-session ahead of the start of Wall Street where futures are mixed.

Markets are awaiting the annual revision of the consumer price index in the United States.

A figure, according to analysts, which could influence the Fed's next decisions regarding rate cuts.

Meanwhile, confirmation of the slowdown in prices comes from Germany.


   On the currency front, the euro remains weak at 1.0768 against the dollar.


    The Stoxx 600 index rose by 0.1%.

In the Old Continent, Milan (+0.3%) wears the pink jersey.

London and Madrid were also positive (+0.1%).

Frankfurt moved little (+0.08%) while Paris fell (-0.1%).

The main price lists are weighed down by utilities (-0.8%), with the price of gas falling.

In Amsterdam, prices dropped 1.6% to 27.3 euros per megawatt hour.

The cosmetics sector is down (-2.2%), with L'Oreal dropping 6% after results below estimates.


    Banks (-0.01%) and insurance companies (-0.1%) showed little change.


   Luxury runs (+1%) where Hermes (+4.9%) toasts to the results of 2023.

Energy is on the rise (+1%) while the price of oil is mixed.

The WTI rose by 0.1% to 76.3 dollars a barrel and Brent was little changed (-0.04%) at 81.5 dollars.


    Saras flies to Piazza Affari (+10%) with the giant Vitol group interested in the Moratti share.

Iveco runs (+7.8%), with growing results.

After the quarterly report in light Banco Bpm (+2%).

At the bottom of the main list are Hera (-3.1%) and A2a (-2.1%).

Mediobanca also did poorly (-1.4%), on the day of the half-year financial statements.


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Source: ansa

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