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BackEuropean stock markets mixed, Milan slightly rising led by a few stocks
European stock markets mixed, Milan slightly rising led by a few stocks
Developing
ANSA Economia51 minutes agoBusiness1 min readItalyView original

European stock markets mixed, Milan slightly rising led by a few stocks

Quick Look

  • European stock markets show a mixed performance despite the good signals from the PMI indices, weighed down by mixed Wall Street futures.
  • In Milan (+0.17%) only Amplifon, Banco BPM and Avio recorded growth above 1%, while Pirelli showed little change.
  • In Frankfurt -0.33%, London +0.11%, Paris +0.05%.

AI-generated summary

Why It Matters

European stock markets operate in a context of waiting for geopolitical developments and mixed signals from US markets, despite good PMI data.

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European stock markets slowed down and some went down, despite the good signals coming from the PMI indices. The mixed Wall Street futures weigh more. On a day of waiting for the Chinese Prime Minister's visit to Washington, we are still looking at energy. The decline in oil has stopped and Brent is now rising slightly while the prospects of the conflict in Iran and the Strait of Hormuz continue to remain unclear. Gas prices also move around parity. Meanwhile, the euro weakens against the dollar and is trading at 1.14. Government bond yields are rising slightly and with them the spread between BTPs and Bunds.

Frankfurt lost 0.33%, London recorded +0.11%, Paris +0.05%. In Milan (+0.17%) only Amplifon, Banco Bpm and Avio recorded growth above 1%. Pirelli (+0.33%) is little moved by the investment plan in the USA and by the strengthening of Marco Tronchetti Provera in the capital.

In Amsterdam, however, Exor stands out (+1.9%) for the new 500 million buyback.

What to Watch

AI outlook — possibilities, not facts

  • Brent oil could maintain a slightly bullish trend if tensions in the Strait of Hormuz do not intensify

    Possible · Within days

  • The BTP-Bund spread could continue to widen if Italian government bond yields rise faster than German ones

    Possible · Within weeks

Open Questions

  • What will be the outcome of the Chinese Prime Minister's visit to Washington?
  • How will the situation in the Strait of Hormuz evolve?
  • Will government bonds continue to rise in the coming days?

Related Topics

This article was originally published by ANSA Economia.

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