MILAN – Weak restart for European stock markets, which remains after yesterday’s weak close, driven by cautionary signals from ECB board members regarding possible interest rate cuts by the European Central Bank in 2024. Further signs could arrive today from Davos, where French Central Bank Governor Francois Villeroy de Galhau will speak. In Asia, Tokyo broke the streak of six consecutive positive sessions to end the day at -0.79%, while Chinese indices closed mixed. After yesterday’s close, Wall Street is awaiting the balance sheets from Goldman Sachs and Morgan Stanley today
Stock markets open lower
European stock markets opened lower as economic uncertainties and the prospect of higher interest rates have long weighed on sentiment. There are expectations for the German Zew Index, while data shows that inflation in Germany will rise to +5.9% in 2023 (from +6.9% in 2022) and to +3.7% in December slowed down. In early trading in London, the Ftse 100 index lost 0.52% to 7,555.42 points, in Frankfurt the Dax lost 0.6% to 16,523.20 points and in Paris the Cac40 lost 0.66% to 7,363.88 points. Milan also lost -0.77% to 30,093 points
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European stock markets opened lower as economic uncertainties and the prospect of higher interest rates have long weighed on sentiment. There are expectations for the German Zew Index, while data shows that inflation in Germany will rise to +5.9% in 2023 (from +6.9% in 2022) and to +3.7% in December slowed down. In early trading in London, the Ftse 100 index lost 0.52% to 7,555.42 points, in Frankfurt the Dax lost 0.6% to 16,523.20 points and in Paris the Cac40 lost 0.66% to 7,363.88 points. Milan also lost -0.77% to 30,093 points
The spread starts at 157 points
Trading on the markets is resuming and the spread between BTPs and federal bonds is back at 157 points. The yield on the Italian 10-year bond rises to 3.8%, the German one remains stable at 2.23%.
The throttle is stable at start-up
The gas price has reached the threshold of 30 euros per megawatt hour again. In Amsterdam, futures prices registered a slight increase of 0.26% at the start of the session after falling the previous day, taking them to their lowest level since October 2021.
