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BackEuropean stock markets in no particular order awaiting US macro data
European stock markets in no particular order awaiting US macro data
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ANSA Economia1 hour agoBusiness1 min readItalyView original

European stock markets in no particular order awaiting US macro data

Quick Look

  • European stock markets fluctuate as they await macroeconomic data from the United States.
  • The market monitors the Fed's statements on rates, the conflict in the Middle East and the increase in gas and oil prices.
  • Weak banks and insurance companies, utility and luxury goods.

AI-generated summary

Why It Matters

Geopolitical tensions in the Middle East are impacting global energy prices. The Federal Reserve maintains a cautious line on reducing interest rates.

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European stock markets continue in no particular order awaiting a series of macroeconomic data arriving from the United States. Tensions on government bonds ease after the vice president of the Fed, John Williams, declared that a reduction in interest rates is not necessary immediately. The conflict in the Middle East and the impact on energy prices remains in the spotlight.

The Stoxx 600 index moved little (+0.03%). Paris (-0.5%), Milan (-0.4%) and Frankfurt (-0.2%) were down, Madrid was little moved (+0.08%), London was up (+0.2%). The main price lists are supported by utilities (+1.1%), with the price of gas rising by 3.2% to 71.67 euros per megawatt hour. Luxury (+0.5%) and cars (+0.4%) also did well. The technology sector moved little (+0.05%), following Trump's meeting with the main artificial intelligence companies. Banks (-0.3%) and insurance companies (-0.8%) were weak. Energy slips (-1%), while oil starts to rise again. The WTI gains 1.5% to 90.69 dollars a barrel. Brent stood at 103.58 dollars (+0.9%).

Government bonds fell slightly. The spread between BTPs and Bunds rises to 98 points, with the yield on the Italian 10-year bond at 4.56% and the German one at 3.58%.

Technoprobe runs on Piazza Affari (+3.9%). Inwit (+2.6%), Campari (+2.1%), Nexi and Amplifon (+1.5%) also performed well. At the bottom, Generali (-1.6%). Eni also down (-1.4%), Banco Bpm (+1%). MPS (-0.5%) and Intesa (-0.6%) are in the red.

Open Questions

  • What macroeconomic data will be coming from the USA?
  • How will the price of gas evolve in the short term?

Related Topics

This article was originally published by ANSA Economia.

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