(Telestock) – European stock markets set to close positively the last session of the weekafter a speech by the world’s most influential central banker confirmed that the US to start cutting interest rates soon. “It is time for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks,” Federal Reserve Chairman Jerome Powell said at the Jackson Hole symposium.
Stock markets were already benefiting from the renewed optimism towards a further rate cut also by the ECB thanks to the slowdown in wage growth and following the favourable signals emerging from the minutes of the Governing Council meeting.
Seat slightly up for theEuro / US Dollarwhich advances to 1,118 points. TheGold continues the upward session and advances to 2,511.4 dollars per ounce. A day of strong gains for the petrolium (Light Sweet Crude Oil), up 2.37%.
Going down it spreadwhich falls back to +136 basis points, with a decrease of 3 basis points, while the 10-year BTP reports a yield of 3.57%.
Among the Euroland indices moderate earnings for Frankfurtwhich advances by 0.68%, small steps forward for Londonwhich marks a marginal increase of 0.37%, and a moderately positive day for Pariswhich rises by a fractional +0.62%.
Earnings day for the Milan Stock Exchangewith the FTSE MIBwhich shows a capital gain of 0.91%; along the same lines, the FTSE Italia All-Sharewhich increases compared to the day before reaching 35,806 points. Positive the FTSE Italia Mid Cap (+0.96%); on the same trend, in money the FTSE Italia Star (+0.9%).
Among the best Blue Chips of Piazza Affari, Iveco advances by 2.78%. It moves in positive territory Enelshowing an increase of 1.51%. Session without momentum for Unipolwhich reflects a moderate increase of 1.46%. Small step forward for Stellantiswhich shows a progress of 1.43%.
The worst performances, however, are recorded on Brunello Cucinelliwhich gets -1.22%.
Among the Best FTSE MidCap Stocks, Ariston Holding (+3.42%), OVS (+2.59%), Alerion Clean Power (+2.36%) and Mondadori (+2.23%).
The worst performances, however, are recorded on Juventuswhich gets -0.54%.