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Stock market: Milan holds with Europe while waiting for central banks - Breaking news

2024-03-26T18:04:47.487Z

Highlights: The Ftse Mib index concluded with an increase of 0.14% at 34,688 points, the Ftse All share up by 0.16% at share 36,888. Among the stock markets of the Old Continent, the best stock exchange was that of Frankfurt, followed by Paris and Madrid. In the energy sector, oil struggled to hold 81 dollars a barrel. Operators are always looking to the Fed and the ECB, which should start cutting rates in June, even if there are fears that the US central bank may ease its tightening.


Session with slight growth for the Milan Stock Exchange, which moved in line with Europe: the Ftse Mib index concluded with an increase of 0.14% at 34,688 points, the Ftse All share up by 0.16 % at 36,888. (HANDLE)


Session with slight growth for the Milan Stock Exchange, which moved in line with Europe: the Ftse Mib index concluded with an increase of 0.14% at 34,688 points, the Ftse All share up by 0.16% at share 36,888.

Among the stock markets of the Old Continent, the best stock exchange was that of Frankfurt, which closed with an increase of 0.6%, followed by Paris with an increase of 0.4%.

Madrid rose by 0.3%, while Amsterdam and London rose by a modest 0.1%.


    Calm in the government bond sector, with the spread between 10-year Btp and Bund holding steady: the differential ended the session on the electronic markets at 129.6 basis points compared to 130 at the start of the day.

The yield on the Treasury product is 3.64%.


    Gas prices, however, fell on the Amsterdam market: methane futures with delivery in April closed down 4% at 27.1 euros per megawatt hour.

In the energy sector, oil struggled to hold 81 dollars a barrel.

Operators are always looking to the Fed and the ECB, which should start cutting rates in June, even if there are fears that the US central bank may ease its tightening during the year less than expected.

In this sense, the US 'core' PCE price data, which will be released on Friday with almost all stock markets closed for holidays, are highly awaited.


    In this context in Piazza Affari in the large capitalization basket, an excellent session for Saipem, which rose by 4.6% to 2.25 after a positive report from Berenberg.

Bper (+2.8%) and Popolare di Sondrio (+2.6%) also did well, while Mps closed before the announcement of the sale of a further stake by the Mef up 1.1% to 4, 26 euros.

Sales instead on Stellantis, which lost 2.1%.


    Among the 'minor' stocks, Rai Way rose by 5.5% to 5.1 euros after the accounts and reconstructions of possible regulatory relief for the hypothesis of a merger of Ei Towers.

Also doing well was Mfe-Mediaset, which holds 40% of Ei Towers and closed up 2.2% at 3.1 euros.


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Source: ansa

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