EU inventory markets weak awaiting US GDP. Tim stands out in Milan | EUROtoday

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(Il Sole 24 Ore Radiocor) – The European inventory markets are shifting within the identify of prudence, awaiting the American GDP, and the numbers on inflation (anticipated for Thursday 29 February), essential for understanding the Federal Reserve's subsequent strikes. The similar goes for the info onEurozone inflation, arriving on Friday 1 March, which can be watched for steerage on the timing of future rate of interest cuts by the ECB. Since the beginning of 2024, merchants have considerably diminished their bets on short-term reductions in the price of borrowing. Also scheduled for the day are indices on confidence within the Eurozone and Italy.

In this context, Milan's FTSE MIB is within the crimson. The FT-SE 100 of London, the AEX of Amsterdam and the IBEX 35 of Madrid are on the identical stage, whereas the CAC 40 of Paris is on parity. The solely worth listing to stay in optimistic territory is the DAX 30.

Tim shines in Piazza Affari, down Nexi and St

As regards shares, Telecom Italia shines on the day through which Swisscom introduced that it was in superior unique negotiations with Vodafone Group for the acquisition of 100% of Vodafone Italia in money, with the goal of merging the latter with Fastweb. The highlight is on Moncler and Saipem, which can publish their monetary outcomes right now. Profits on Davide Campari, after the acceleration of the day earlier than within the wake of the accounts and the rise within the dividend. Nexi and Stmicroelectronics are within the queue, after Apple, one of many group's main prospects, introduced that it had put an finish to the challenge, one of many firm's most formidable, to construct its personal electrical automobile.

Euro above 1.08, oil drops

On the forex market, the euro stays above the edge of 1.08 {dollars} (1.0856 the earlier shut). The worth of oil is falling: the WTI in April stands above 78 {dollars} a barrel, the Brent of the identical maturity at 83 {dollars}. On the opposite hand, pure gasoline in Amsterdam rises in the direction of 25 euros per megawatt hour.

Spread within the 145 level space, give attention to BTP Valore

The unfold between BTp and German Bund is steady at round 145 factors. The yield of the benchmark ten-year BTp (ISIN IT0005560948) returns to cross the three.90% threshold. In right now's public sale the Treasury will supply seven-year CcTeu and two new 5- and 10-year benchmark BTp for a most of 9.75 billion euros. The focus of savers can be on the third day of placement of the BTp Value, which on the eve raised one other 4.6 billion euros, a determine increased than what was collected on the second day in the identical operation carried out in October and which brings the whole of the primary two days to 11 billion.