European stock markets rise cautiously in anticipation of the opening of Wall Street, whose futures signal the first rise in five days after the turbulence caused by the markets' stumble over the timing of the rate cut.
Paris advanced by 0.4%, London by 0.3%, Milan by 0.1% while Frankfurt moved little. In New York, futures on the Nasdaq rise by 0.3% and those on the S&P 500 by 0.2% unexpected data on requests for unemployment benefits and a series of interventions by central bankers (Williams, Bowman, Bostic). Government bonds also recovered slightly with the yields of the 10-year BTP falling by 3 basis points to 3.68% while the spread with the Bund narrowed by a couple of points, to 142.
Oil continues to retreat (-1, 1%), on which the gains continue after yesterday's plunge, in the wake of the progressive dissolution of the premium linked to geopolitical risks and the increase in US inventories. Brent drops to 86.3 dollars and the WTI to 81.8 dollars a barrel, dragging energy stocks (-1.3%), the worst sector on the Old Continent's stock exchanges, where utilities are doing well (+1%).
In Piazza Affari, Prysmian (+2.3%), Campari (+1.6%), Mediolanum (+1.6%) and Enel (+1.3%) stand out. The banking sector was positive with Mps (+1.7%), Bper (+1.1%) and Unicredit (+1.1%). sales instead on Leonardo (-2.6%) and on the oil companies Tenaris (-2.6%), Saipem (-2.5%) and Eni (-1.5%). The Mfe stocks are on the rise (+8% for the Bs and +7.3% for the A's) after the results and the dividend, like Ovs (+6.7%).