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Stock market: Europe continues sluggish after Wall Street, Milan -0.2% - Breaking news

2024-02-28T15:03:36.693Z

Highlights: European stock markets remain sluggish after the start of Wall Street. American GDP growing by 3.2% in the fourth quarter, just below the previous estimate. Investors' attention is now focused on the inflation in the US arriving tomorrow. All elements that will be useful for the Fed's decision on easing monetary policy. On the currency front, the euro drops to 1.0825 against the dollar. The Stoxx 600 index lost 0.3%. London, Paris, Madrid and Milan are down, while Frankfurt is positive.


European stock markets remain sluggish after the start of Wall Street and with American GDP growing by 3.2% in the fourth quarter, just below the previous estimate. Investors' attention is now focused on the US inflation due tomorrow. (HANDLE)


European stock markets remain sluggish after the start of Wall Street and with American GDP growing by 3.2% in the fourth quarter, just below the previous estimate.


    Investors' attention is now focused on the inflation in the US arriving tomorrow.

All elements that will be useful for the Fed's decision on easing monetary policy.

On the currency front, the euro drops to 1.0825 against the dollar.


    The Stoxx 600 index lost 0.3%.

London (-0.7%), Paris (-0.1%), Madrid (-0.4%) and Milan (-0.2%) are down, while Frankfurt is positive (+0.1%).

The lists are weighed down by the real estate sector (-2.7%), after the news coming from China, and by the technology sector (-1.3%).

Utilities are down (-0.8%), with the price of gas rising.

In Amsterdam prices rise by 5.8% to 25.8 euros per megawatt hour.


    TLCs are down (-0.4%), while we look at the risk of the sector on the day of the preliminary agreement with which Swisscom (-1.6%) is ready to buy Vodafone Italia for 8 billion euros.

Energy is weak (-0.2%) while the price of oil rises.

The WTI gains 0.4% to 79.2 dollars a barrel.

Brent gains 0.4% to 84 dollars.

Banks were positive (+0.7%), in a context of still high rates which allow for greater revenues, and insurance companies (+0.6%).


    Government bonds remain calm.

The spread between BTPs and Bunds is stable at 144 points, with the yield on the Italian ten-year bond at 3.906 percent.


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Source: ansa

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