The European stock markets remained little moved after the American data on GDP for the fourth quarter, revised upwards to 3.4%, and on unemployment claims, slightly better than expected. London and Paris advanced by 0.3%, Frankfurt and Milan by 0.1% while futures on Wall Street also showed little change.
Bonds, on the other hand, are down, affected by the statements of Fed member Christopher Waller, who put the brakes on rate cuts in the US in light of the recent "disappointing" inflation data. BTP yields advance by 5 basis points, to 3.66%, while the spread with the Bund widens by four, to 135. Now the wait is for the PCE deflator, one of the Fed's favorite indicators for measuring the trend of prices, which will be released on Friday.
Saipem (+3%), Cucinelli (+2.9%), Unicredit (+1.1%) and Pirelli are competing in Milan, on which Citi has raised the target price to 7.4 euros. Azimut (+1%) did well, with the project to create a digital bank, purchases on Leonardo (+0.9%), Unipol (+0.9%) and Eni (+0.9%), in the wake of the strong rise of oil (+1.6%), which sees the WTI rise to 82.68 dollars a barrel. Sales instead on Iveco (-1.4%), Recordati (-1.1%), Prysmian (-1%) and Fineco (-0.9%).
MPS still weak (-0.3%) after the Treasury placement.
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