The European stock markets confirm the rise in the middle of the session with the lists looking to the ECB to cut rates, after the freeze by the Fed which does not seem to have an impact on Wall Street whose futures are positive.
The confirmation of inflation in the eurozone at 2.4% gives further impetus. The area index, the Stoxx 600, gains more than half a point with financial and industrial stocks in the spotlight.
Technological ones are always under sale.
In Milan (Ftse Mib 1.1% at 33,761 points) the banking sector remains strong with Popolare Sondrio (+4.4%) in the lead and, followed by Mps (+2.08%), Bper (+2.94 %) and Banco Bpm (+2.32%). In luxury Monclersale of 2.5%, Cucinelli of 1.7% in the wake of LVMH which in Paris (+1.31%) earned 4.7% with the accounts better than analysts' expectations. Saes Getters runs outside the main basket (+4.5%) at 38.1 euros, well above the 26.3 euros of the reference shareholder price preparatory to the delisting.
Among other markets, Frankfurt recorded a +0.7% and London a +0.5% with inflation in the United Kingdom falling to 3.2 percent in March.
Ups and downs of the spread. The spread between BTPs and Bunds drops to 142 points and the yield on the Italian 10-year bond also drops by 4 basis points below 3.9%.
On the commodity front, oil drops while tensions in the Middle East remain at bay. The WTI lost 1% to 84.6 dollars. Along the same lines, Brent remains close to 90 dollars. Gas lost 2% with the price at 32.5 euros per megawatt hour.
For exchange rates, the euro is rising against the dollar and is trading at 1.0642.