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Stock market: Europe travels cautiously, the spread remains at 145 points - Breaking news

2024-02-27T10:14:50.329Z

Highlights: Stock market: Europe travels cautiously, the spread remains at 145 points. German consumer confidence showed little change at -29 points, in line with estimates. French consumer confidence fell to 89 points from the previous 91 and the 92 expected. Oil is stable (WTI at 77.6 dollars and Brent at 82.5 dollars) while gas drops to 23.3 euros per megawatt hour, widening the decline to 2.7%. On the exchange rate front, the euro showed littleChange at 1.0853 dollars.


European stock markets appear cautious with a lens on macro data. (HANDLE)


European stock markets appear cautious with a lens on macro data.

After Japanese inflation which slowed down for the third consecutive month but is above analysts' estimates, the expectation is above all for the United States with orders for durable goods and goods and the data on house prices.


   German consumer confidence showed little change at -29 points, in line with estimates, while French consumer confidence fell to 89 points from the previous 91 and the 92 expected.


   The Old Continent area index, the Stoxx 600, is flat with purchases on technology balancing sales on pharmaceuticals.


   The spread between BTPs and Bunds fluctuates above 145 points with the yield on the Italian ten-year bond rising to 3.88%.

In Milan (Ftse Mib +0.21% at 32,627 points) Campari gains confidence (+0.56%) while waiting for the accounts.

Rises also for Leonardo (+029%), Saipem (+0.35%).

Weak Brunello Cuinelli (-0.18%).

Among other places, Paris recorded a +0.04%, Frankfurt a +0.37% and London a +0.03%.


   As for commodities, oil is stable (WTI at 77.6 dollars and Brent at 82.5 dollars) while gas drops to 23.3 euros per megawatt hour, widening the decline to 2.7%.

On the exchange rate front, the euro showed little change at 1.0853 dollars.


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Source: ansa

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