2024-04-11 04:11:47
(ANSA) – MILAN, APR 10 – European stock markets are falling after the disappointing data on American inflation, which rose to 3.5% in March, and the delay in the rate cut by the Fed. Milan drops by 0 .5%, Paris 0.7%, Madrid 0.6% and Frankfurt 0.3% while in New York futures on Wall Street are in deep red, with drops of more than 1%. Traders are now pricing in only two rate cuts by the Fed in 2024, in light of inflation struggling to align with the 2% target. The stability of prices is also pushing bonds downwards, with the yield on US Treasuries rising by 14 basis points and crossing the psychological threshold of 4.5%. Yields are also rising in the Eurozone with the BTP rising by 6.6 basis points to 3.82% and the spread with the Bund widening by a couple of points to 139. MPS are holding on in Piazza Affari (+2% ), Poste (+1.2%) and Popolare di Sondrio (+0.8%) while Iveco (-5.3%), Amplifon (-3.7%), Moncler (-2.1%) slipped and Italgas (-2%). After a positive morning, Tim also fell (-1.4%). (HANDLE).
2024-04-11 04:11:47