European stock markets cautious after the Federal Reserve

(Teleborsa) – The main European stock exchanges are moving cautiouslyhit today by widespread sales, the day after that the Fed, as expected, left rates unchanged indicating that a cut still takes time. On the macroeconomic front, investors’ attention is focused on the indications that will arrive tomorrow from data on the labor market in the United States.

He holds the Milan stock exchange in the first session in May after the break, yesterday, for Labor Day. The BBVA-Banco Sabadell risk supports banking stocks also supported by the prospect of continued high interest rates for a prolonged period of time.

On the currency market, theEuro / US Dollar, which continues the session at the levels of the day before and stops at 1.071. Weak session forgold, which trades with a decline of 0.53%. Slight increase in oil (Light Sweet Crude Oil) which rises to 79.53 dollars per barrel.

Slight decline in spreadwhich drops to +129 basis points, while the yield on the 10-year BTP stands at 3.82%.

In the European stock market scenario cautious trend for Frankfurtwhich shows a performance of -0.04%, a small step forward for Londonwhich shows an increase of 0.36%, and sales up Paris, which recorded a decline of 0.81%. Piazza Affari continues the session with a fractional gain on FTSE MIB by 0.30%; along the same lines, little leap forward for the FTSE Italia All-Sharewhich reaches 36,037 points.

At the top of the ranking of the most important titles of Milan, we find MPS Bank (+4.04%), Hera (+2.12%), A2A (+2.10%) e ERG (+1.90%).

The steepest declines, however, occur at Stellantiswhich continues the session with -3.40%.

Negative session for ENIwhich shows a loss of 1.94%.

Under pressure STMicroelectronicswhich suffered a decline of 1.82%.

It moves below parity Ivecohighlighting a decrease of 1.14%.

Between best stocks in the FTSE MidCap, Ariston Holding (+1.98%), IREN (+1.75%), MFE A (+1.52%) e ENAV (+1.19%).

The steepest declines, however, occur at Comer Industrieswhich continues the session with -3.03%.

It slides Digital Valuewith a clear disadvantage of 1.71%.

Moderate contraction for Caltagirone SpAwhich suffers a drop of 1.15%.

Undertone De’ Longhi which shows a filing of 1.10%.

(Teleborsa) 02-05-2024 11:00

 
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