Europe in red, Piazza Affari resists. Bank stocks did well
Positive closing of the session for the stock market, with an afternoon recovery favored by the stability of Wall Street after the data on the labor market. The Ftse Mib index marks +0.12% to 30,440 points. In the rest of Europe, the Dax 30 in Frankfurt closes in parity, but still in negative territory, stopping at -0.14%. Declining Cac 40 of Paris (-0.40%) e the FTSE 100 in London (-0.43%).
For Piazza Affari it was a two-sided day, conditioned above all by macro data and the repercussions that these could have on the decisions of central banks. In the morning therefore a decreasing trend afterwards inflation in the Eurozone, which grew in December as expected, to 2.9% against 2.4% in November, a dynamic that seems to distance the prospects of a rate cut in the coming months. In the afternoon, another important piece of data was that the US labor market was surprisingly very resilient in December, with the creation of 216,000 jobs, well above the forecasts of 170,000 units.
Wage growth was also high. Two facts that should discourage an accommodative policy from the Federal Reserve. The markets, however, after an initial slip, preferred to underline the positive aspect of an economy that is always lively and expanding despite the high rates.
Banking stocks with are always highlighted on the list Understanding +1.20%, Bpm +1.74%, Bper +1.96%, other financials mixed. In the industry well Iveco (+1.03%) e Stellantis in the car, still positive Prysmian (+1.07%), good Saipem at +1.95%. Among other blue chips, energy stocks were mixed, down Record yourself, Campari (-1.01%) lost ground after China opened an anti-dumping investigation into European spirits.
The spread between 10-year BTPs and German Bunds it closed at 167 points, compared to 168 points at yesterday's closing. The yield on the ten-year bond stood at 3.81%, compared to 3.785% at the last closing.
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