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The Milan Stock Exchange slows down with Europe on US inflation - Breaking news

2024-02-13T18:20:13.701Z

Highlights: The Milan Stock Exchange slows down with Europe on US inflation. The Ftse Mib index ended down by 1.03% at 31,134 points, the Ftse All share down 1.02% to 33,257. Piazza Affari moved in line with the other stock markets of the Old Continent, weighed down above all by disappointment from the slowdown in US inflation below expectations. Government bonds, however, were calm: the spread between BTPs and 10-year German Bunds closed the session on the electronic markets at 154 basis points.


Negative session for the Milan Stock Exchange: the Ftse Mib index ended down by 1.03% at 31,134 points, the Ftse All share down by 1.02% to 33,257. (HANDLE)


Negative session for the Milan Stock Exchange: the Ftse Mib index closed down by 1.03% to 31,134 points, the Ftse All share down by 1.02% to 33,257.


    Piazza Affari moved in line with the other stock markets of the Old Continent, weighed down above all by disappointment from the slowdown in US inflation below expectations, which could slow down the Fed in its rate reduction programme.


    The worst stock exchange was that of Amsterdam, which closed down by 1.4%, followed by the Frankfurt stock exchange down by 0.9%.

Paris and London both lost 0.8%, with Madrid trying to hold the final drop by half a percentage point.


    Government bonds, however, were calm: the spread between BTPs and 10-year German Bunds closed the session on the electronic markets at 154 basis points, the same level as the start of the day, with the yield on the Treasury product at 3.93%.

The euro is weak against the dollar, but the European currency remains at 1.07 for now.


    In the energy sector, gas prices fell on the Amsterdam market by 1.1% to 25.4 euros per megawatt hour, while oil rose by more than a percentage point to 78 dollars a barrel.


    On Piazza Affari, in the large capitalization basket, the worst stock was that of Banco Bpm, which fell by 3.8%, followed by STM (-3.6%), Fineco (-3%) and Nexi (-2.8%) .

Tim was weak (-1.6% to 0.27 euros), while Hera, Pirelli and Saipem recorded an increase of more than one percentage point.


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Source: ansa

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