Positive EU price lists according to macro data

European stock markets positive after GDP growth data from some of the major economies. Useful elements for the ECB’s next assessments on the interest rate cuts front. Meanwhile, Treasury yields are little changed and investors await the Fed’s next move. The impact of geopolitical tensions, particularly in the Middle East, is also in the spotlight. On the currency side, the euro fell to 1.0826 against the dollar. The Stoxx 600 area index gained 0.3%. Madrid (+0.7%), London (+0.5%) and Paris (+0.2%) are growing. Frankfurt moved little (+0.07%), German GDP fell by 0.3% in 2023. The main stock markets are supported by the IT sector (+0.6%), in line with Wall Street’s performance from the previous day. Financials (+0.5%) are in the spotlight as they seek higher returns in a very high interest rate environment. The banks are increasing (+0.6%), followed by the balance sheet of the Spanish BBVA (+3.5%), which closed 2023 with a profit of over 8 billion euros. The energy sector is progressing (+0.3%), with oil prices rising. WTI rose 0.4% to $77.1 a barrel and Brent rose 0.3% to $82.7. Utilities were positive (+0.2%), with gas prices rising 0.2% to 28.1 euros per megawatt hour. Cars were little moved (-0.01%), with Volkswagen down 0.5% on doubts over its PowerCo IPO, while Renault was flat (+0.06%), shifting Ampere’s listing.