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Stock market: Europe positive after Wall Street, Milan +0.7% - Breaking news

2024-03-06T15:16:13.683Z

Highlights: European stock markets continue to rise after Wall Street. Markets' attention is focused on the next moves of the central banks. Investors are ready to bet on an interest rate cut. The Stoxx 600 index gained 0.5%. Madrid (+1.2%), London (+0.6%), Milan (-0.7%) and Paris (+ 0.3%) are advancing. A2a's growth continues in Piazza Affari (-1.9%) Pirelli slips to the bottom of the list (-3.4%), with the accounts and the plan.


European stock markets continue to rise after Wall Street. (HANDLE)


European stock markets continue to rise after Wall Street.

The markets' attention is focused on the next moves of the central banks, also in light of the intervention of the president of the Fed, Jerome Powell, of the beige book arriving in the evening and of the ECB tomorrow.

Investors are ready to bet on an interest rate cut.

On the currency front, the euro rises to 1.0888 against the dollar.


    The Stoxx 600 index gained 0.5%.

Madrid (+1.2%), London (+0.6%), Milan (+0.7%), Paris (+0.3%) and Frankfurt (+0.2%) are advancing.

The main price lists are supported by energy (+1.4%) in line with the increase in oil prices.

Wti rises by 1.8% to 79.6 dollars a barrel and Brent stands at 83.07 dollars (+1.2%).

Utilities also increased (+1.3%), with gas falling by 1.1% to 27.1 euros per megawatt hour.


    Government bond yields fell slightly.

The spread between BTPs and Bunds stands at 135 points, with the Italian ten-year rate falling to 3.66%.


    A2a's growth continues in Piazza Affari (+1.9%).

Also in the spotlight are Enel (+1.6%) and Tim (+1.4%), the latter awaiting the accounts and the new plan.

Pirelli slips to the bottom of the list (-3.4%), with the accounts and the plan.

Saipem (-1.6%) and Cucinelli (-1%) also performed badly.


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Source: ansa

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