2024-07-11 06:11:18
(ANSA) – MILAN, JULY 10 – Federal Reserve Chairman Jerome Powell boosted Wall Street and indirectly European stock markets. The Stoxx 600 rose 0.9% with real estate outperforming, while chemicals and media lagged. Paris gained 0.9%, reversing three sessions of declines, London rose 0.66% and Frankfurt 0.9%. The best performers, however, were Milan (+1%) and Madrid (+1.5%). Deutsche Bank strategists expect European companies to beat profit expectations by a weaker margin than in the first quarter, weighed down by recent disappointing macro data. “Just before the start of the reporting season, markets are in a narrow range with moderate volumes,” said an analyst. “The slowdown in the economy may be reflected in corporate results, which central banks must monitor very carefully to avoid disappointment.” At Piazza Affari, Tim stands out, after the rating increase by S&P, waiting for someone to make the first move on the Fibercom-Open Fiber chessboard. Also at the top of the list are Saipem (+4.2%) and Prysmian (+3.4%). Outside the main list, Piaggio loses ground (-5.2%) and Landi Renzo, after the morning surge, reverses course and closes down 4.19 percent. (ANSA).
2024-07-11 06:11:18