(Finance) – The major global markets, including Piazza Affari, are closed today for the Good Friday holiday. The European stock markets will return to trading on Tuesday, as there will also be no trading on Monday 1 April for Easter Monday. The financial markets of Tokyo, the United States and Canada will be open on Monday.
Looking at the Old Continent, i first three months they saw the same script as at the end of 2023, with stock markets continuing their growth. The FTSE MIB, the main index of the Italian Stock Exchange, continues to outperform, posting +14% since the beginning of the year. This figure compares with +9% of CAC 40+10% of DAX+3% of FTSE 100+12% ofAEX and +10% ofIBEX 35.
On the macroeconomic frontthis morning several indications came from France: Inflation was lower than expected in March with an increase of 2.3% year-on-year, producer prices fell again in February and household consumption was stable in February.
In Italy L’inflation it accelerated again in February, with an increase of 1.3% on an annual basis (from +0.8% in the previous month, against expectations for +1.4%). However, the so-called shopping cart is in moderation, with the prices of food, household and personal care goods increasing by 3.0% on a trend basis (from +3.4%).
In the United States, the PCE price index coreone particularly observed measure of inflation by the US central bank, showed a positive change of 0.3% on the month (compared to the +0.3% expected and the +0.5% recorded the previous month) and 2.8% on the year (+2, 9% the previous month, +2.8% expected).
The data should not have particular implications for the Fed’s choices: the markets expect the FOMC to remain on hold again when it releases its decision on May 1st, and then start cutting rates at the June 11-12 meeting. According to the CME’s FedWatch Tool, traders see a 63% chance for a cut of at least 25 basis points in June, down from 75% a week ago.
Yesterday, S&P 500 and Dow Jones Industrial Average they closed up new records.