Stock markets, US inflation boosts rate optimism. Nike collapses. Spreads below 160

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(Il Sole 24 Ore Radiocore) – European stock markets closed weak in the last session before the Christmas break, despite data onPCE inflation in the United States to strengthen optimism about the next steps of monetary policy. The BTP Bund spread falls below 160 the day after new ESM failure by the House of Representatives.

Meanwhile, in Japan, inflation slowed in November, returning to its lowest level since July 2022 thanks to falling gas and electricity prices. consumer confidence and businesses in December (up 106.7 and 107.2 points in both cases), while in Spain and the UK the focus is on Q3 GDP (up 0.3% in the quarter in Spain and down 0.1 % in the United Kingdom). In France, consumer confidence rose to 89 points in December

So Ftse Mib Milan is closing +0.26%. Paris Cac (-0.03%), Madrid Capricorn (+0.08%), Frankfurt Dax (+0.11%) are also close to parity. Black jersey for Amsterdam Aex (-0.56%).

Flat week for European stock markets, only London rises

Anonymous week for European stock markets with the only London that shines following lower inflation in the UK, which could prompt the Bank of England to cut interest rates earlier than expected. Index The Ftse100 gained 1.6% overall. while other markets made little movement, Madrid recovered 0.2%, while Milan, Frankfurt and Paris slowed slightly. Business Square especially lost 0.1%: weak performance does not affect Ftse Mib’s record in 2023, during which it rose 28% overall. As for sectors, bad week for cars and technologyHowever, basic resources and the travel and leisure sector performed well.

In the US, inflation is slowing. Wall Street slightly up

Wall Street edged higher after the release of data on U.S. inflation that slowed in November, with the annual data recordinga smaller increase from early 2021. PCE fell 0.1% from the previous month versus expectations of a flat reading and rose 2.6% from a year earlier. The “core” component of the data, stripped of volatile elements, rose 0.1% from the previous month and 3.2% from a year earlier. They are also growing by $81.6 billion personal income in the United States, in line with expectations. Consumption costs, on the other hand, increased by 0.2%. The orders for durable goods saw a 5.4% increase compared to the previous month to $295.4 billion. In December, Americans were more optimistic about the economy than in the previous month. Final readingconfidence index The University of Michigan’s monthly score was above expectations, equaling 69.7 points after 61.3 points recorded at the end of November. This is the first increase after four consecutive monthly declines.

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