(Telestock) – European stock markets, including Piazza Affari, are moving positively in the afternoonafter a smooth opening for Wall Street and comforting data from US inflationconfirming expectations for a 25 basis point rate cut at the Federal Reserve’s September meeting. In particular, the consumer price index rose 0.2% in July, after falling 0.1% in June, the Labor Department’s Bureau of Labor Statistics said, which said that on an annual basis, the consumer price index rose 2.9% after rising 3% in June and compared with expectations of +3%.
Still on the macroeconomic front, in United Kingdom Inflation was lower than consensus in July (-0.2% m/m and +2.2% y/y for the general index and +3.3% y/y for the index net of the most volatile components); inEurozone The second reading of Q2 GDP confirmed growth of +0.3% q/q and +0.6% y/y, while in June industrial production surprised negatively with a decline of -0.1% m/m (the May figure was also revised downwards to -0.9%).
THE’Euro / US Dollar continues trading with a fractional gain of 0.46%. Caution prevails on thegoldwhich continues the session with a slight decrease of 0.24%. Petrolium (Light Sweet Crude Oil) continues the session just below parity with a negative variation of 0.22%.
It goes back a little spreadwhich reaches +139 basis points, showing a small decrease of 2 basis points, while the 10-year BTP yield stands at 3.56%.
Among the main European stock exchanges Frankfurt advances by 0.29%, moves modestly upwards Londonshowing an increase of 0.30%, and a positive balance for Pariswhich boasts a progress of 0.49%.
Plus sign for the Italian price listwith the FTSE MIB up 0.72%, continuing the positive streak that began last Friday; along the same lines, positive performance for the FTSE Italia All-Sharewhich continues the day with an increase of 0.72% compared to the previous close. Positive the FTSE Italia Mid Cap (+0.9%); along the same lines, in money the FTSE Italia Star (+0.96%).
Among the best performers from Milan, in evidence Sondrio People’s Bank (+2.27%), Leonardo (+2.24%), Stellantis (+2.03%) and Ferrari (+1.92%).
The strongest drops, however, occur on MPS Bankwhich continues the session with -0.93%.
Among the protagonists of the FTSE MidCap, Juventus (+10.65%), Zignago Glass (+3.82%), San Lorenzo (+3.06%) and Anima Holding (+2.57%).
The strongest sales, however, are seen on Philogenwhich continues trading at -0.92%. Hesitant IRENwhich gives up 0.64%. Substantially weak Intercoswhich recorded a decrease of 0.51%.