(El Sol 24 Raw Radiocor) – They travel in positive territory European stock exchanges And on Wall Street, where markets await the meetings of the European Central Bank and the Federal Reserve next week to mark the end of restrictive monetary policies. Investors expect a Reduce rate By Euro Tower starting in March and a total reduction of 150 basis points for the whole of 2024. Nourish itwhich is supposed to cut US interest rates by 150 basis points with the first intervention in March, according to market expectations.
Therefore, they move sharply to the upside FTSE MIB indicator Milano, which is now traveling steadily over 30 thousand pointsThis is a level not seen since 2008 CAC 40 Paris, DAX 30 frankfurt,Ibex 35 Madrid.
Wall Street rises, and labor costs suddenly fall
Indexes on Wall Street rose after the latest round of data. to’Employment in the private sector It rose less than expected in November, given that 103,000 jobs were created compared to the previous month, according to the ADP report, while expectations were for the creation of 128,000 jobs. In the third quarter of 2023 productivity It grew more than expected, instead Labor cost Surprisingly low. Finally, the trade deficitIn October, it rose 5.1% from the previous month to $64.3 billion, versus expectations of $64.1 billion. The focus remains on the company’s upcoming decisions Nourish it On interest rates, scheduled for next week: On the last two occasions, interest rates have been confirmed at 5.25%-5.5%. Traders no longer believe that interest rates can be raised further and are betting more and more (54.9%) on it First rate cut in early March.
In Milan banks performed well with MPS and Mediobanca
to Business Square,salt MPS Bank As operators return to betting on the Treasury’s next moves, awaiting judgment on the former leaders. The banking sector is generally toned Mediabanca And Bench per minute. Also good Diasorin And Stellantis In light of the table held in Memet with multinational companies, unions and regions on the future of Italian factories. The sign corresponding to Hera, Leonardo – Finmeccanica And A2A. Little movement In theThis is after Standard & Poor’s revised its long-term rating to BBB from BBB+ with a stable outlook.
Spread at 175 pips
the Spread between BTp and Bund It is about 175 basis points. In particular, the yield spread between the benchmark 10-year BTp bond and the German equivalent duration opened at 173 basis points, one point lower than yesterday’s close. The yield on Italian 10-year BTp bonds remains at 3.97%, the same as yesterday’s closing level, therefore… At its lowest levels since July. The bond yield fell slightly to 2.24% from 2.26% at the last close.
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