Listen to the audio version of the article
(Il Sole 24 Ore Radiocor) – Positive start for European stock exchanges in the wake of Wall Street which on the eve recorded the seventh upward closing for the Dow Jones, with the S&P 500 and Nasdaq at their highest levels in the last 15 months, driven above all by the banks, after the results of Morgan Stanley and Bank of America better than expected . When the quarterly season in the United States has now come to life – today, among others, those of Goldman Sachs, Netflix and Tesla are expected – we also look at the macro data. In the UK, inflation slowed in June and Eurostat confirmed that the annual inflation rate in June fell to 5.5% from 6.1% in May. In Milan the FTSE MIB salt, as well as in Paris the CAC 40in Frankfurt on DAX 40ad Amsterdam l’AEXa Madrid l’IBEX 35 and in London the FT-SE 100.
FTSE Mib Stock Exchange performance
Loading…
In evidence A2A, realizations on Leonardo
Looking at the stocks, the utility sector led by in Piazza Affari immediately got off on the right foot A2a con Snam Rete Gas e Terna. The purchases are also rewarding Diasorin e Stmicroelectronics. You realize about Leonardo – Finmeccanicaafter two sessions of good increases and still sales up Moncler. The banking sector was subdued, led downwards by bpm bank e Banca Pop Er.
Annual inflation rate drop to 5.5% in June confirmed
Eurostat confirmed that the annual inflation rate in June fell to 5.5% from 6.1% in May. A year earlier it was 8.6%. In the EU 6.4% after 7.1% in May (9.6% a year earlier). The highest contribution to inflation in the euro area was given by food, alcohol and tobacco (+2.35%) followed by services (+2.32%), non-energy industrial goods (+1.42%) and energy (-0.57%). Excluding energy, the general rate of inflation was 6.9% (after 7% in May); also excluding unprocessed food 6.8% after 6.9%; excluding energy, food, alcohol and tobacco 5.5% after 5.3%; excluding energy and seasonal food 6.8% after 6.9%. In Italy general annual rate 6.7% after 8% in May (one year before 8.5%). The lowest annual rates were recorded in Luxembourg (1%), Belgium and Spain (both 1.6%). The highest annual rates were recorded in Hungary (19.9%), Slovakia (11.3%) and Czechia (11.2%). In Germany the inflation rate rose from 6.3% to 6.8%; in France, a drop from 6% to 5.3%. Compared with May, annual inflation decreased in twenty-five member states, remained stable in one and increased in one. The next flash estimate of euro area inflation with data for July is due on 31 this July.
2023-07-19 10:30:00
#Stock #markets #positive #inflation #confirmed #June #Eyes #quarterly