Le European stock exchanges, after an uncertain start, they close in positive territory in the wake of the rumours of the CNN According to which the United States expects an updated proposal from Tehran by tomorrow to seek a way out of the conflict. The improvement in sentiment is supporting markets but also energy prices: the Petroleum slows with Brent at 116,47 dollars and WTI at 107 dollars, while gas moves above 46 euros per megawatt hour. The positive climate is also reinforced by the Dow Jones (+1,3%), supported by an overall solid earnings season and the return of energy prices. The Nasdaq is further behind, weighed down by sales on Meta (-10%), while Google advances by 6%. The US macroeconomic framework remains resilient: the GDP is slightly below expectations, while inflation Pce it is in line with the estimates.
The central banks' front remains in the foreground: yesterday the Fed ha rates remain unchanged but with a more cautious tone and a divided board, a sign that the rate cut could be postponed further. Today, confirmation of the status quo also came from ECB, Which has left rates unchanged as expected, while markets are looking mainly for indications on the next moves in a context of inflation on the rise in the euro area at 3% in April (from 2,6% in March). The president of the ECB Christine Lagarde reiterated that the economic outlook remains "highly uncertain" and closely linked to the evolution of the conflict in the Middle East, with possible repercussions on energy, raw materials and global supply chains. The Bank of England He confirmed rates at 3,75%, while underlining that further tightening is not excluded should inflationary pressures resurface in a still unstable geopolitical scenario.
Meanwhile, the work continues at a rapid pace. quarterly season on both sides of the Atlantic. The bills have arrived. Stellantis, Prysmian, BNP Paribas, Crédit Agricole, Prada, Volkswagen, Puma, Rémy Cointreau, Rolls-Royce e Eli Lilly, while attention is already turned to the next publications of Apple with markets closed.
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Piazza Affari closed up 0,94%, above 48 points. It soars A2a, Followed by Prysmian after a cold reception by the market of the quarterly results. Well STM and Enel. Among the banks Bpm bank is at the center of attention due to the growing presence of Crédit Agricole, rose to 22,9% of the capitalThe French bank, while strengthening its presence in Italy, is sinking in Paris after below-expected results, despite growing profits and revenues. CEO Andrea Orcel, in an interview with Frankfurter Allgemeine Zeitung (Faz), said that the operation on Commerzbank will be successful, underlining its clear industrial and commercial logic. At the bottom of the list Stellantis penalized by market expectations despite solid accounts.
On the bond it spread is at 82 basis points.
