Stock markets, Wall Street worsens after the Fed’s establishment: -1.64%. Milan -0.3% | EUROtoday

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(Il Sole 24 Ore Radiocor) – European inventory markets within the pink, nonetheless held hostage by the value of oil which has returned to rise (WTI at 98 {dollars} a barrel and the Brent from 108 {dollars}) after the information, unfold by Iranian official mediaof a assault on some oil services and gasoline within the nation and the contextual evacuation notices for numerous vitality vegetation within the Gulf. Thus, hopes of a short-lived battle in Iran are waning (with Tehran asserting the beginning of a “large-scale economic war” after the assaults on vitality websites). On the American entrance, the Federal Reserve’s rates of interest stay unchanged, regardless of Donald Trump returning to assault the quantity one of many Fed, Jerome Powell, exactly on the delay in decreasing the price of cash. «A charge improve within the presence of a provide shock wouldn’t be acceptable. If extended, an oil shock acts extra like a brake on progress than as a driver of inflation. In an already fragile labor market context, this it may really justify extra accommodating financial insurance policies”explains Jeffrey Cleveland, chief economist at Payden & Rygel. So the Ftse Mib closes down by 0.33%Paris by 0.06% and Frankfurt by 0.86%. Madrid white fly at +0.2%.

A similar script is expected tomorrow for the ECB which should leave i unchanged interest rates. In this regard, it should be noted that February inflation in the eurozone is confirmed at 1.9% compared to the same month a year ago. The change on the month is +0.6%. As regards core inflation, according to Eurostat, it grew by 0.8% on a monthly basis and 2.4% on a yearly basis.

Wall Street drops as eyes on the Fed

Wall Street closes lower. The Dow Jones loses 1.64% to 46,224.62 points, the Nasdaq loses 1.46% to 22,152.42 points while the S&P 500 leaves 1.36% on the ground at 6,624.71 points. The losses widened after the announcement of the Fed, which decided to keep interest rates unchanged between 3.5% and 3.75% with the prospect of a single cut in 2026. The president of the Federal Reserve, Jerome Powellat the press conference he praised the “stable” economic growth. «We believe the current pace of monetary policy is appropriate», he stated. The impacts of the war in the Middle East on the US economy are “unsure”, he added, specifying that consumer spending and business investment are healthy, even if the real estate market shows signs of weakness.

On stocks, Nvidia Corp still in focus. Reuters reported, citing internal sources, that the chipmaker got it the approval of the Chinese government for the sale of its H200 chips in China. The company is also reportedly preparing to make a version of its Groq artificial intelligence chip available in China. And still on the stock market, Macy’s shares recorded increases of up to over 5%, thanks to fourth quarter results that exceeded expectations.

Luxury goods did well in Piazza Affari, sales on utilities

On the Milanese inventory market pushed luxuriouswith Moncler (+0.9%) and Brunello Cucinelli (+4.1%)the latter additionally supported by the optimistic opinion of analysts who see the model’s persevering with momentum. The efficiency of monetary firms was additionally good, beginning with Banco Bpm (+2.1%), Bper Banca (+1.3%) and Finecobank (+1.5%). Weaker Unicredit (-0.4%) which nevertheless stays within the highlight for the Commerzbank file (+1.5%), whereas Autonomous Research analysts raised the goal value to 90 euros.