(Finance) – Uncertain session for European stock marketswith the FTSE MIB positioned just above parity, at the end of a week of rate cuts by Switzerland (50 basis points at 0.5%, more than the expected 25 basis points), Canada (for the fifth consecutive meeting at 3.25%) and the European Central Bank (as expected at 25 basis points, also if there were discussions about 50 basis points).
Today Francois Villeroy de Galhau said the central bank will likely ease rates further next year and that it is comfortable with market projections of future rates, Robert Holzmann said interest rates will fall towards a neutral level of around 2%, José Luis Escrivá believes Frankfurt is likely to cut rates further next year if inflation continues to converge towards the 2% target.
Next week it’s the Fed’s turn, which is expected to implement a rate cut of 25 basis points on Wednesdaywith the focus likely to be on the press conference and whether Fed Chair Powell confirms market expectations that no consecutive cuts should be expected in 1Q 2025.
On the macroeconomic front, in United Kingdom Industrial production surprisingly fell in October Germany the trade surplus fell more than expected in October, in France November inflation was revised to -0.1% month-on-month, in Spain November inflation was confirmed at +2.4% on year, in Eurozone industrial production fell less than expected in October on a year-on-year basis and remained unchanged on a month-on-month basis.
Slight increase forEuro / US Dollarwhich shows an increase of 0.41%. Weak session forgoldwhich trades with a decline of 0.34%. The Petrolium (Light Sweet Crude Oil) continues trading, with an increase of 0.81%, to 70.58 dollars per barrel.
It goes up a lot spreadreaching +119 basis points, with a sharp increase of 12 basis points, while the BTP with 10 year maturity reports a yield of 3.36%.
Among the European price lists remains close to parity Frankfurt (+0.07%), flat Londonwhich holds parity, and without ideas Pariswhich does not show significant changes in prices.
Slight increase for Milan Stock Exchangewith the FTSE MIB which rises by 0.23% to 34,939 points; along the same lines, the FTSE Italia All-Share it makes a small leap forward of 0.22%, reaching 37,168 points. Without direction the FTSE Italia Mid Cap (+0.01%); on the same trend, almost unchanged FTSE Italia Star (-0.13%).
Between the best performers of Milan, highlighted Iveco (+3.40%), MPS Bank (+1.98%), Telecom Italia (+1.58%) e Ferrari (+1.18%).
The steepest declines, however, occur at Record yourselfwhich continues the session with -0.98%. Undertone Brunello Cucinelli which shows a filing of 0.85%. Disappointing Monclerwhich lies just below the levels of the day before. Lame Amplifonwhich shows a small decrease of 0.82%.
At the top of the mid-cap stocks ranking of Milan, Desio and Brianza Bank (+1.63%), Technoprobe (+1.59%), December (+1.58%) e MFE B (+1.58%).
The strongest sales, however, occur at Digital Valuewhich continues trading at -12.96%. Under pressure GVSwhich suffered a decline of 1.67%. Modest descent for Ariston Holdingwhich drops a small -1.45%. Thoughtful Buzziwith a fractional decline of 1.21%.