Stock Markets Today, November 17.  Low inflation was confirmed in the European Union, and price lists closed higher.  Italy awaits Moody’s ruling

Stock Markets Today, November 17. Low inflation was confirmed in the European Union, and price lists closed higher. Italy awaits Moody’s ruling

Stock markets expect Wall Street to rise

European stock markets rise mid-session, with investors ready to bet on interest rate cuts in 2024. Slowing inflation, the global economy, and labor market data in the United States are leading analysts to assume a pause in restrictive monetary policy. And lower interest rates next year. The Stoxx 600 index rose 1%, in light of the start of Wall Street as futures rise. Positive in Paris and London (+1%), Frankfurt and Milan (+0.8%), Madrid (+0.7%). List prices support energy (+1.1%), while oil raises its head again. WTI rose 1.4% to $73.9 per barrel, and Brent reached $78.5 (+1.5%). As well as purchases on banks and insurance companies (+0.8%). The utilities sector is in the spotlight (+0.8%), with the price of gas falling by 0.8% to €45 per MWh. While the stock market rises, government bonds fall. The spread between BTP bonds and German bonds reached 174 points, with the yield on Italian 10-year bonds falling by 5 basis points to 4.29%. The ten-year bond rate also fell to 2.54% (-4 points). On the currency front, the euro rose to 1.0863 against the dollar. In Piazza Avari, Diasuren (+3.2%), Amplifon (+2.5%), Pirelli and Recordati (+2.2%) are flexing their muscles. Banks were also in good shape with Mps (+1.7%), Banco Bpm and Bper (+0.9%), Intesa (+0.6%) and Unicredit (-0.2%). At the bottom of the list is Generali (-1.8%), on the first nine-month accounts day.

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