Today’s stock markets, November 17th. The decline in EU inflation is confirmed, the price lists close higher. Italy awaits Moody’s judgment

The stock markets expect Wall Street to rise

European stock markets rise mid-session, with investors ready to bet on a cut in interest rates in 2024. The slowdown in inflation and the global economy, data on the labor market in the United States push analysts to hypothesize a pause in restrictive monetary policy and a rate cut next year. The Stoxx 600 area index gains 1%, in view of the start of Wall Street where futures are rising. Positive Paris and London (+1%), Frankfurt and Milan (+0.8%), Madrid (+0.7%). Price lists are supported by energy (+1.1%), with oil once again raising its head. The WTI gains 1.4% to 73.9 dollars a barrel and Brent stands at 78.5 dollars (+1.5%). Purchases also on banks and insurance companies (+0.8%). The utilities sector is in the spotlight (+0.8%), with the price of gas falling by 0.8% to 45 euros per megawatt hour. While the stock market rises, government bonds fall. The spread between BTPs and Bunds stood at 174 points, with the yield on the Italian 10-year bond falling by 5 basis points to 4.29%. The ten-year Bund rate also fell to 2.54% (-4 points). On the currency front, the euro rises to 1.0863 against the dollar. In Piazza Affari, Diasorin (+3.2%), Amplifon (+2.5%), Pirelli and Recordati (+2.2%) flex their muscles. The banks were also in good shape with Mps (+1.7%), Banco Bpm and Bper (+0.9%), Intesa (+0.6%), Unicredit (-0.2%). At the bottom of the Generali list (-1.8%), on the day of the first nine months’ accounts.