Stock markets in the European Union stabilized ahead of the US data, and gas also broke the 90 euro threshold lower

Listen to the audio version of the article

(Il Sole 24 Or Radiocor) – in the last session of the week and before the Christmas holidays (Piazza Affari will be closed on Mondays for Boxing Day), European stock indices proceed with caution, following a negative session Punishable concerns about the Federal Reserve’s monetary policy choices in light of the US economy’s resilience. So they travel at a slow pace, oscillating around parity, and FTSE MIB Milano CAC 40 Paris, W.; Dax 40 Frankfurt, W.;AEX extension Amsterdam, W.;IBEX 35 Madrid f FT-SE 100 from London. Asian stocks were weak after the apparent decline on Wall Street (-1.4% S&P500, -2.2% Nasdaq). Since the beginning of December, the S&P500 has lost more than 6%, and the Eurostoxx50 3.5%. The trading session is expected to test the data on the PCE deflator in November which may provide a fresh indication onPrice trends in the United States.

In light of Leonardo, Banco Bpm is also doing well

In Avary Square stands out Leonardo – Finmeccanica which has been awarded a €690 million contract to modernize and expand the Canadian Defense helicopter fleet. Also good Telecom ItaliaWhile the dialogue continues between the parties concerned with reorganizing the communications group. Hassan Bpm Bank After agreeing with Credit Agricole on a twenty-year partnership in the non-life insurance sector. in red Saipem And the MonclerThe facilities are weak.

Gas fell below 90 euros/MWh, marking its lowest level since May 16

Gas prices continue the downward trajectory they took on Monday, when the European “price ceiling” agreement was announced. After dropping more than 30% in four sessions, January contracts traded on the TTF platform in Amsterdam fell another 4.2% to €88 per MWh, after falling to an unprecedented low of €87,305 since May 16. The decline, as observers have been repeating for days, is also due to full storage and milder temperatures than expected in the old continent, to a good flow of liquefied natural gas from the United States and to excellent wind conditions that favor the production of electricity using renewable energy sources. (instead of compound cycles).

Fixed spread, 10-year yield at 4.47%

Stable trend of the BTp-Bund spread in the context of weak European fixed income. The yield differential between the Italian 10-year BTP Index (Isin IT0005494239) and the same German maturity opened the session at 211 basis points, as the close for the night. The benchmark 10-year BTP return, which remains at 4.47 percent, is also unchanged.

Euro rises, oil strengthens

In the foreign exchange market, the euro rebounded to $1.0626 (from $1.059). Euro/yen at 140.79 (140.15 last night) and dollar/yen at 132.50 (132.10). The Asian currency fell after the release of inflation data from Japan in November, which, although at a record high since 1981, fell short of expectations.
Oil rose 1 percentage point to $81.6 a barrel in the February Brent contract, while the same WTI expiry was trading at $78.37 a barrel.