Europe closes in a sprint in the wake of Wall Street
US inflation, which rose less than expected in October, pushed European stock exchanges, which started on the sly just waiting for the data. Milan closed with an increase of 2.58%, while the publication of the quarterly reports continues, Frankfurt earned 3.51% e Paris 1.96%, when on Wall Street the indices move in marked progress, especially the Nasdaq.
The slowdown in the consumer price index feeds the idea that the Powered may limit its aggressive rate policy, when the European Central Bank has indicated that there will be more hikes. Returning to the business market, among the exploit stocks of Nexi (+ 9.56%), which published the quarterly accounts but stretched after US inflation as a stock exposed to consumption. St (+ 7.87%) and Azimut (+ 7.71%) also closed in strong progress after the results. Opposite sign for Tenaris (-4.13%) and Saipem (-3.41%), on a day in which the price of oil had a volatile trend. At the close of the European markets, the January delivery contract on Brent rose by 1.22% to 93.78 dollars a barrel and the December one on WTI + 1.03% at 86.71 dollars a barrel. The price of gas fell slightly: -0.7% to 112.3 euros per megawatt hour. Finally, on the foreign exchange market, theEUR it strengthened against the dollar at 1.0167 (1.004 on the eve) and changed hands at 144.235 yen (146.6) with the dollar / yen exchange rate at 141.896 (146.35).
