Stock markets decline amid concerns about growth and inflation. Wall Street is heading towards new lows

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(Il Sole 24 Ore Radiocor) – Another difficult session for European stock exchangeswhich is still moving in a sign of risk aversion, After the eve discounts: Investors are convinced that Rebound in price lists on Tuesday It relied on over-optimistic assessments of the economy’s resilience in the face of a rush of inflation and began correcting on Wednesday. As a result, Asian markets had a lower trading session overall and in Europe they lost their share FTSE MIB Milan, dated CAC 40 Paris, dated DAX 40 in Frankfurt FT-SE 100 London, andIBEX 35 Madrid andAEX Amsterdam. Wall Street futures also fell.

Thus, rising consumer prices, the consequent tightening of monetary policy, the tight zero policy of Covid in China, and the consequences of the war in Ukraine, continue to weigh on the mood of operators, who are softening their positions. On the other hand, also The International Monetary Fund has indicated that inflation and war are weighing on the economy Italy’s slowdown is expected to slow for this year and next (GDP will be at 2.5% in 2022 and 1.75% in 2023, with inflation expected to peak at 5.5% during the year).

Wall Street begins to fall, claims for benefits rise

Wall Street futures are pointing to a lower start, following a session in which the S&P 500 suffered its most steady daily decline since June 2020 weighed down by broad distribution giants (target -25%) whose balance sheet results are raising concerns. Flexible consumption in the face of rising prices. News from the macroeconomic front doesn’t help: New jobless claims rose 21,000 to 218,000, worse than estimates, and the Philadelphia Fed Manufacturing Index fell to 2.6 points, again, in line with expectations.

In Milan, all eyes are on the Generali after the accounts, all the way to luxury

Among the main stocks in Milan, most of them fell, public Hold up, reverse trend thanks to first quarter accounts. Moreover, shareholder Fondazione Crt on Wednesday ruled out an intention to sell his stake. The Milan List is backed in part by the big names in the industry, with Leonardo – Finmeccanica At the top, while sales hit cars, with IVECO Group And Stilants Among the worst, and above all luxury, with Moncler Significantly down. Instead hold up Sanam retight gas: Prices, explained from the operating rooms, benefit from the presentation of the goals of the European RePowerEu plan, which provides for further reductions in consumption of fossil gas by 2030. Among the banks, they are gaining ground against the trend Unicreditwhich also remain in the center of attention for possible mergers and acquisitions, which, according to analysts, will be possible only after the end of the war in Ukraine and their spillover assessment.

The spread goes back to 200, even on a ten-year yield

Upside trend of the spread between BTp and Bund in the MTS secondary market for European government bonds. The yield differential between the ten-year BTp benchmark (Isin IT0005436693) and the same German maturity is indicated at 195 basis points from the 192 points recorded in the previous close. The benchmark 10-year BTp yield also rose to 2.96% after hitting last place at 2.94% at the end of the night.