Today’s stock markets, March 21st. The Fed reassures the markets, EU stock markets close on a positive note. The Ft: record of bearish bets on Tim

Central banks push Europe and Wall Street

European stock markets were well in tune in mid-afternoon after the lively start on Wall Street, where the S&P 500 is set to beat its historic highs for the twentieth time since the beginning of the year. The Fed’s confirmation of three rate cuts in 2024 and the ECB’s intention to intervene in June, together with the Swiss Central Bank’s decision to cut rates and the optimistic messages from the Bank of England have put people in a good mood investors, who see the turning point in global monetary policy approaching. London advances by 2%, driven by the softening of the Boe’s position, Madrid by 1.6%, Frankfurt by 0.7%, Paris by 0.3% and Milan by 0.2% while in New York the Dow Jones rose 0.8%, the S&P 500 rose 0.7% and the Nasdaq rose 0.5%. Government bond yields are falling, with the BTP dropping three basis points to 3.67% while the spread with the Bund closes by one point to 126. Fineco is in the running on Piazza Affari (+2.2%), Interpump (+1.7%), Azimut (+1.5%) and Stm (+1.5%), ahead of Iveco (+1.3%) and Inwit (+1.3%). In contrast, however, Nexi (-3.9%), penalized by the placement of the share of GIC, Saipem (-2.2%), Mps (-2.1%) and Terna (-2%).