Stock market: Europe down with inflation, banks doing well in Milan – Italy-World

by times news cr

2024-04-10 14:27:34

(ANSA) – MILAN, APRIL 10 – Stock markets in the red and bonds under pressure after the data on American inflation, which rose above expectations in March. Investors dismiss the possibility that the Fed could cut rates in June with a decline in Wall Street indices of more than 1%, sales on European stock exchanges and significantly rising bond yields. Milan holds (+0.07%) thanks to the run of the banking sector, which celebrates the prospect of continuing to grind out profits with the interest margin and the expectations for the risk: Mps extends to +4.4%, followed by Popolare di Sondrio (+2.2%), Unicredit (+1.4%), Bper (+1.4%) and Banco Bpm (+1.4%). Madrid lost 1%, Paris 0.7%, Frankfurt 0.2% and London 0.1%. Bonds also slipped, with American Treasury bonds rising to 4.5%, up 13 basis points, while the movements in yields in the Eurozone were more limited: the BTP rose by five basis points to 3.79% while the spread with the Bund is stable at 137 basis points. On the Milanese list, Iveco (-3.7%) and Amplifon (-3.5%) are doing badly. Italgas (-2.5%) leads sales on utilities, followed by Enel (-2.4%) which is also affected by the possible repercussions of the accident at the Bargi power plant. (HANDLE).

2024-04-10 14:27:34

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