European stock markets are weakening
The European stock markets, after a positive start, all weakened. The price lists look to Thursday when the ECB meeting is scheduled. Analysts do not expect any essential changes with the central bank keeping the reference rates unchanged and reiterating its data-dependent approach. The March meeting is likely to provide further guidance. The Old Continent area index, the Stoxx 600, drops a quarter of a point with tech and real estate under sale. Among the individual markets, the worst is Milan (Ftse Mib -0.56%) just above 30 thousand points. Marginal were Frankfurt (-0.18%), Paris (-0.22%) and London +0.01%. Government bond yields are still rising. The Italian ten-year bond is at 3.87% (+4 basis points), the German is at 2.3% (+2 basis points) and the French at 2.8% (+2.3 basis points). The spread between BTPs and Bunds, rising compared to yesterday, is stable at 156 points. As regards commodities, oil has moved little (WTI +0.04% to 74.8 dollars, Brent +0.01% to 80 dollars) while gas rises (+2%) with the price approaching the 28 euros per megawatt hour. On the exchange rate front, the euro appreciates against the dollar with which it trades at 1.0892 dollars.
2024-01-23 16:51:37
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