Positive European stock markets awaiting the Fed, semiconductors are soaring

European stock markets positive at the end, approximately 3 hours after the Fed's decision on US rates, expected to rise by 25 basis points. Milan (+1%) confirms its lead, followed by Paris (+0.8%), Madrid (+0.7%), Frankfurt (+0.65%) and London (+0.5%). The Dow Jones (-0.05%) and the Nasdaq (+0.8%) contrasted in New York.

Crude oil fell (WTI -2.9% to 102.78 dollars per barrel and Brent -2.35% to 106.19 dollars per barrel). Gas reverses course (-0.8% to 79.4 euros per MWh), the spread between German 10-year BTPs and Bunds drops to 86.1 points, with the Italian annual yield falling by 4.8 points to 4.37%, the German one by 2.6 points to 3.5%, the French one by 3.7 points to 4.46% and the British one by 8.7 points to 5.3%. Gold moved little (+0.05% to 4,350 dollars an ounce), while the dollar stabilized at 1.15 against the euro and 1.34 against the pound.

The purchases are concentrated on semiconductor manufacturers.

Soitec (+14.88%) is pushed by Morgan Stanley analysts, who have raised their recommendation to buy above the weight on the index, doubling the target price to 200 euros.

Followed by Asm (+3%), Stm (+2.17%) and Asml (+1.45%). Oil companies BP (-2.22%), Shell (-1.8%), Eni (-1.5%) and TotalEnergies (-0.88%) lost ground. Luxury restarts with Burberry (+2.95%), Cucinelli (+2.3%) and Kering (+1.55%). On the other hand, the car manufacturers Renault (-3.9%), Stellantis (-2.55%) are weighing down, following the cut by analysts at Berenberg and Volkswagen (-2.37%). In the banking sector, Lloyds (+2.43%), SocGen (+1.47%), Unicredit (+1.1%) and Intesa (+0.9%) rose, while Commerzbank fell (-1.8%).