Europe Takes Cautious Approach as Inflation Data is Awaited.

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(Il Sole 24 Ore Radiocor) – Awaiting inflation data from Europe and the United States advises prudence European stock exchanges, who are waiting for the indications to understand what the next moves of the central banks might be. In the meantime, the lists are preparing to close the month of March in the red, while the quarterly balance will be positive for the second consecutive period. On the macro front, as far as the euro area is concerned, inflation is expected to fall to around 7% in March, after 8.5% in February, above all due to the drop in energy prices. Core inflation, on the other hand, may show no signs of slowing down. PCE inflation will then come from the USA, the data preferred by the Federal Reserve, which should show a slight slowdown, but will always remain at levels very far from the target of the US central bank.

At Piazza Affari the FTSE MIB it thus moves cautiously up, in line with the other main continental indices. Among the Milanese titles they stand out Telecom Italia e Moncleras it loses altitude again Diasorin.

Euro remains above 1.09 dollars, little moved oil

On the foreign exchange front, the euro defends its positions above the 1.09 dollar level and is worth 1.0904 from 1.0908 at yesterday’s close. The single currency is also indicated at 145.13 yen (from 144.75), while the dollar/yen ratio is at 133.11 (132.70). As far as the energy market is concerned, the price of oil showed little change: the May future on the Wti marks -0.01% at 74.36 dollars a barrel, while the same contract on Brent drops 0.26% at $79.06. The price of natural gas on the TTF platform in Amsterdam rose by 0.9% to 43.9 euros per megawatt hour.