Stock market: Europe little moved, slow on central banks

European stock markets remain little moved, weighed down by the technology sector after the Nvidia case and fears over the stability of investments in artificial intelligence. Investors are looking for insights into upcoming decisions from central banks, particularly the Fed, as inflation trends are monitored.

The focus remains on geopolitical tensions, particularly in the Middle East with the conflict between the US and IRA and the situation in the Strait of Hormuz.

The Stoxx 600 index rose by 0.1%. Positive London (+0.3%), Paris and Frankfurt (+0.1%), Madrid (+0.4%). The main price lists are supported by energy (+1.1%), with the price of oil falling. The WTI falls by 0.7% to 88.11 dollars a barrel. Brent lost 0.4% to 95.44 dollars. Utilities were also positive (+0.5%), with gas decreasing. In Amsterdam, prices fell by 0.2% to 92.05 euros per megawatt hour. Sales in the technology sector (-0.6%), in luxury (-1.6%) where Richemont lost 5% after the accounts, and in cars (-0.1%).

Government bond yields showed little change. The spread between BTPs and Bunds drops to 104 points, with the Italian 10-year rate at 4.40% and the German one at 3.36%. Gold fell by 1.4% to 3,898 dollars an ounce.