Europe rises on US debt hopes

Europe rises on US debt hopes

(Tiper Stock Exchange) – Rally session in Piazza Affari, which aligns with the sensational day of the European stock exchanges. tonic theS&P-500, which on the US market marks an increase of 1.05%, thanks also to the signs of rapprochement between the US parties for an agreement on the debt ceiling. US President Joe Biden and House Speaker Kevin McCarthy are closing in on a deal that would raise the public debt ceiling by $31.4 trillion for two years, while limiting government spending.

On the currency market, theEuro / US Dollar, which trades on the previous day’s values ​​of 1.071. No significant change for thegold, which trades on the previous day’s values ​​at 1,941.7 dollars an ounce. Oil (Light Sweet Crude Oil), up (+1.3%), reaches 72.76 dollars per barrel.

On equality it spreadswhich remains at +186 basis points, with the yield on the 10-year BTP standing at 4.40%.

Among the markets of the Old Continent well bought Frankfurtwhich marks a sharp rise of 1.20%, London it advances by 0.74%, and is moving in positive territory Paris, showing an increase of 1.24%. Plus sign for the Italian price list, with the FTSEMIB up 1.16%, thus blocking the bearish trail supported by four consecutive declines, which started last Monday; along the same lines, positive performance for the FTSE Italia All-Sharewhich continues the day with an increase of 1.15% compared to the previous close.

Among the best Blue Chips of Piazza Affari, excited STMicroelectronics (+3.89%).

Money up Interpumpwhich recorded an increase of 2.76%.

Very positive balance for amplifierwhich boasts an increase of 2.48%.

Good performance for Azimuthwhich grows by 2.33%.

The worst performances, however, are recorded on ERGwhich gets -0.61%.

Thoughtful Telecom Italya fractional decline of 0.58%.

At the top of the mid-cap rankings from Milan, Carel Industries (+4.56%), Dry (+3.64%), Ariston Holding (+3.58%) and Antares Vision (+3.50%).

The strongest declines, however, occur on MFE Bwhich continues the session with -2.46%.

He hesitates SOLwith a modest drop of 1.32%.

Slow day for believewhich marks a decrease of 1.32%.

Small loss for MFE Awhich trades with -0.97%.

Between macroeconomic variables heavier:

Friday 05/26/2023
08:00 United Kingdom: Retail sales, annual (exp. -2.8%; previous -3.9%)
08:00 United Kingdom: Retail Sales, Monthly (exp. 0.4%; previous -1.2%)
08:45 France: Consumer confidence, monthly (expected 84 points; previous 83 points)
2.30pm USA: Inventories wholesale, monthly (exp. 0%; previous -0.3%)
2.30pm USA: Durable goods orders, monthly (exp -1%; previous 3.3%).

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