Stock market: Europe on the rise, oil down and expectations for US inflation

European stock markets are rising sharply after a weak start. The markets find a positive climate again with the price of oil falling and in view of the US inflation data expected tomorrow.

After the outcome of the American vote, attention remains focused on the decisions that will be made regarding the development of artificial intelligence. All this while an investigation opens into Jensen Huang, CEO and co-founder of Nvidia.

The Stoxx 600 gains 0.5%. Toned session for the technological sector (+1.2%). The banks also performed well (+1.3%), with the Italian risk which saw the proposed merger of Credit Agricole (-1.2%) with Banco Bpm. Utilities are also growing (+0.7%), with the price of gas gaining 1.4% to 86.80 euros per megawatt hour. The energy sector was weak (-0.1%), in line with the trend in oil prices. The WTI lost 0.8% to 90.14 dollars a barrel and Brent lost 1.1% to 97.22 dollars.

Sales of luxury goods (-1.7%) and cars (-0.3%).

Government bonds moved little. The spread between BTPs and Bunds rises to 108 points, with the yield on the Italian 10-year bond at 4.34% and the German one at 3.25%. The price of gold is growing, recording an increase of 0.7% to 4,095 dollars per ounce. On the foreign exchange market the euro rises to 1.1190 against the dollar.