Europe is moving forward cautiously and is still looking to Lagarde

European stock markets are on a positive note and are trying to lift their heads after ECB President Christine Lagarde, who will speak again from Davos today, also told the World Economic Forum yesterday that a summer interest rate cut was likely, with the market pointing to an earlier one instead Intervention in the cost of money urges. The minutes of the most recent meeting of the European Central Bank are also expected today. The spread between BTPs and federal bonds is below 158 points, as is the yield on the Italian 10-year bond, which is 3.89%. The Old Continent Area Index, the Stoxx 600, rose marginally by 0.1%, with consumer and technology-related stocks in the foreground. Among individual markets, Milan gains 0.4%, with banks in the foreground, while risk increases again and Popolare di Sondrio takes center stage (+3.17%). Luxury followed Richemont (+9%), with the third quarter coming in ahead of estimates. Among other things, Frankfurt recorded +0.25% and Paris +0.44%. Weak London (-0.13%). On the raw materials front, both oil (WTI over $73 at +0.87%, Brent over $78 at +0.58%) and gas (+2.88% at 28.5 euros per megawatt hour) are rising. In this case, traders have turned their attention to the upcoming season and the potential risks of restocking in the summer. As for exchange rates, the euro is rising at 1.0890 against the dollar with which it is traded.