Stock market: cautiously rising Europe looks to US inflation

European stock markets continue to rise but are cautious awaiting inflation in the United States expected in the early afternoon. A figure that could provide indications on the future path of the Fed's monetary policy for the rest of the year.

Oil remains a concern for investors after Houthi missile and drone attacks on Saudi Arabia heightened uncertainty over energy supplies. WTI rises a quarter of a percentage point to $94 while North Sea Brent is flat at $105. The price of gas dropped 2.6 to 84.9 euros per megawatt hour.

The spread between BTPs and Bunds rises to 106.9 basis points with the yield on the Italian ten-year bond at 4.51%. Among the individual markets, Milan is flat at +0.09%, Paris rises by 0.45%, Frankfurt by 0.4% and Madrid by 0.41%. On the exchange rate front, the euro has moved little at 1.1195 against the dollar.