MILANO – The prudence shown yesterday on the rate cut front by the ECB does not discourage investors and European stock markets are preparing to start the last session of the week on a positive note. In Piazza Affari, the spotlight is on Unipol which launched the takeover bid on the subsidiary UnipolSai and communicated higher-than-expected accounts. In Asia, Tokyo was up (+0.89%), close to the highest levels in almost 34 years.
17:53
Stock market: Europeans close higher, Paris +0.32% and Frankfurt +0.42%
European stock markets closed Friday’s session mostly on the rise. The Cac 40 of Paris gains 0.32% to 7,768.18 points, the Dax of Frankfurt 0.42% to 17,117.56 points and the Ftse 100 of London 1.53% to 7,713.97. The Aex of Amsterdam was also positive, advancing by 1.24% to 858.11 points, and the Smi of Zurich rose by 0.2% to 11,307.2 points. The Ibex 35 of Madrid bucked the trend, losing 0.43% to 9,884.91 points.
17:43
Milan: closes slightly higher, Ftse Mib +0.12%
European stock markets closed without momentum after having significantly reduced the morning’s gains following yet another disappointment in data on US producer prices for January which proved to be higher than expected, with an increase of 0.3% compared to the previous month, against expectations for a rise of 0.1% (the largest increase since July 2023). Milan’s ftse mib closes at +0.12%, despite Unipol’s exploits (+21.03%). Luxury stocks are also in the spotlight, with Moncler +1.13%, Cucinelli +1.82%%, Ferrari +0.95%. In the industry, Prysmian is still on the rise (+1.79%), Pirelli loses 0.91%, Leonardo +1.02%.
17:34
BTP: spread closes slightly down at 148 points, ten-year yield rises to 3.87%
Declining closing for the spread between BTP and Bund. At the end of the session, the yield differential between the benchmark 10-year BTP and the German equivalent maturity was indicated at 148 basis points, down compared to 150 points yesterday. However, the yield on the benchmark ten-year BTPs increased, ending the session at 3.87% from 3.85% recorded at the closing the day before.
16:45
Wall Street in calo, Nasdaq -0,71% e S&P 500 -0,34%
Wall Street continues to decline after the first hour of trading, with the Nasdaq losing 0.71% to 15,793.44 points, the S&P 500 0.35% to 5,012.78 points and the Dow Jones 0.23% to 38,683.26 points.
15:33
Wall Street: opens flat with another above-expected inflation data
Wall Street opens flat, with the Dow Jones below parity by 0.06% at 38,751.71 points, while the S&P 500 is above parity by 0.03% at 5,031.13 points and the Nasdaq by 0.05% at 15,913 ,78 points.
15:31
Stock market: Europe advances towards historic highs, Milan +0.3%
European stock indices are racing towards historic highs, with London rising by 1.46%, Paris by 0.46%, Milan by 0.3% and Frankfurt by 0.5% after US data on producer prices
14:00
Milan holds up (+0.3%) with Europa, London does well with Natwest
European stock markets remain generally positive while awaiting the latest macroeconomic data of the week from the United States which could guide the Fed in its rate reduction policy. Once the mid-day mark has been passed, the most tonic price list is that of London, which rises by 1.2% thanks above all to the Natwest bank, which rose by 6% after the accounts. Raw materials giant Anglo American also performed well, growing by more than 10 points.
Followed by Amsterdam (+0.9%), Frankfurt (+0.7%) and Paris, up by half a point. Piazza Affari grows by a modest 0.3%, while Madrid is flat.
11:25
EU price lists widen their increases
European stocks extended gains and hit new records on the back of yesterday’s rally, pushing both the Stoxx 50 and Stoxx 600 indexes to new multi-year highs, after weak US retail sales data fueled expectations of a short-term rate cut by the Fed. Meanwhile, in the UK, retail trade increased by 3.4% in January, marking the largest increase since April 2021 and easily beating market expectations. When less than two hours have passed since the start of trading, London gained 0.67%, Frankfurt 0.77% and Paris 0.61%, with the Cac40 hitting an all-time high the day after the record close with an increase of 44.06 points to 7,787.48, shortly after reaching the historical peak of 7,797.24 points. Piazza Affari also performed well with the Ftse Mib index at +0.52%
09:07
European stock markets open higher
A rising start for the main European stock exchanges: in Milan the Ftse Mib index starts trading up by 0.66% to 31,905 points. Not far behind are Paris and Frankfurt, which advance by 0.42%. London does better, recording +0.60% share
09:02
UK, retail sales above expectations
UK retail sales rose 3.4% month-on-month in January, following -3.3% in December and beating market expectations of +1.5%. This was the largest monthly increase in consumption since April 2021. On a year-over-year basis, retail sales grew 0.7%, the largest increase since March 2022.
08:50
The spread opens stable
Spread between 10-year BTPs and Bunds unchanged at the start of the online markets session: the differential opened at 149 basis points, the same level as yesterday’s close. The yield on the Treasury product is at 3.87%.
08:45
Asia runs while looking at the Fed
Asian and Pacific stock markets all rose after retail sales in the United States fell beyond estimates, a slowdown that could lead the Fed to cut rates as early as June to support the economy. Tokyo rose by 0.8%, with the Nikkei index seeing its all-time high, but above all Hong Kong is racing and rising by 2.4% also thanks to the Chinese government’s support plans for the stock markets. Both Shanghai and Shenzhen were closed for the Chinese New Year holidays, with good signs however from the domestic tourism front. The general Seoul index rose by 1.2% and the technology list by 3%. Sydney was more cautious, but closed with an increase of 0.6%. Futures on the start of the European markets are slightly rising.
00:00
China: Hong Kong closes at +2.48%, Shanghai reopens from Monday
The Hong Kong stock exchange closed the last weekly session with a rise of 2.48%, driven by the performance of the technology sector (+3.7% the sub-index) and real estate (+4%). From Monday, trading will return on the Shanghai price list which has been stopped for a week due to the Japanese New Year holiday. While waiting for Shanghai, the other Asian stock exchanges are also lively: in addition to Tokyo, Seoul closed trading up by 1.34%, Sydney by 0.69%.
2024-02-16 20:10:08
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