The stock markets of the Old Continent turn the mid-day mark in a cautious rise, unexpected of the intervention of the President of the Federal Reserve, Jerome Powell, before the US Congress, which could provide concrete signals on the policy of cutting rates.
The best stock market is that of Madrid which grows by around one percentage point with Endesa rising by 3%, followed by Milan and Amsterdam up by 0.5%.
London is positive by 0.3%, while Paris and Frankfurt are flat.
The spread between 10-year BTPs and Bunds falls to 136 basis points, correcting the lows since the beginning of 2022, while the euro easily holds 1.08 against the dollar.
Among raw materials, oil rises by 1% to 79 dollars per barrel, while gas grows by around two percentage points to 28 euros per Megawatt hour.
In this context in Piazza Affari the best stock among the large capitalization ones remains Tim, which rises by 2.5% on the day of the plan with the strategy to 2026. Fineco also does well (+2.3%) after the February collection data , with Mediobanca rising by 1.7%.
Pirelli fluctuates around parity immediately after the accounts, while Cucinelli gives up 1.6%.
In the lower capitalization basket, Juventus slows down its morning run but still rises by 3%, with Fincantieri growing by 6% to 0.5 euros after press reports of a negotiation with Leonardo (+0.7%) to take over the activities of Wass submarine defense.
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