European stock markets were sluggish at mid-morning after the highs recorded last week while investors are awaiting a series of relevant macro data - from US GDP to Eurozone inflation - which will be published in the coming days.
Paris loses 0.4%, Milan 0.2%, Frankfurt is unchanged while London advances by 0.04%.
On the European price lists, cars (-0.9%), utilities (-0.8%), luxury and clothing (-0.7%) and energy products (-0.7%) are doing badly.
At Piazza Affari sales on Moncler (-2.8%), Recordati (-1.2%), Stellantis (-1.2%) and Erg (-1%), followed by all utilities.
The banks are moving against the trend with Bper (+3.8%), Banco Bpm (+2.7%) and Mps (+2.3%), potential protagonists in the banking risk but also potential prey of Unicredit (-0.4% ).
Speculation on Mediobanca deflates (-0.4%) after rumors that Piazzetta Cuccia could also have been a target of Andrea Orcel.
Government bonds moved little with the BTP-Bund spread widening by one basis point, to 144, while the yield on the Italian ten-year bond rose to 3.81%, waiting for the President of the ECB, Christine Lagarde, to speak to the European Parliament this evening.
Oil is weak (-0.4%) with WTI falling to 76.1 dollars while gas rises by 1% to 23.17 euros per megawatt hour.
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