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.