Piazza Affari falls, doubts about the moves of the Fed and the ECB

Slightly negative day for the European Stock Exchanges and for Piazza Affari, with several doubts from investors on the next moves of the Fed and the ECB. Inflation slows down in the Old Continent, but it seems that the European Central Bank does not want to interrupt the restrictive monetary policies. In the meantime, the IMF is advising the US Bank not to do so, at least until inflation has fallen steadily. On the other hand, the latest Fed minutes, released today, do not at all resolve the perplexities about the next moves relating to interest rates.

In Italy, meanwhile, Istat reports inflation in December, slightly down on November. This is predicted by the first preliminary estimate of the consumer price index for the month. In Milan, the Ftse Mib drops by 0.11% and closes at 24,832.70. The spread between BTPs and German Bunds is more or less stable, around 202 basis points. On the ten-year bond yield, which travels around 4.37%.

On the main list of Piazza Affari in chiaroscuro the bankers. In any case, for Federico Vetrella, market strategist of IG Italia, the sector will defend itself better than the others in the new macroeconomic context dictated by rising interest rates. Today Intesa Sanpaolo loses 0.61%, while Unicredit rises by 0.72%.

Oils, on the other hand, rose, with Brent and Wti on the rise. Eni gains 0.24%, Saipem 0.39%, Tenaris 2.92%. Cnh (+1.54%) and Stellantis (+1.04%) also performed well. The latter said it wants to extend the partnership with Archer Aviation to produce Midnight, the electric vertical take-off and landing aircraft. At the bottom of the list, however, Hera (-3.42%), Diasorin (-2.04%), Campari (-1.95%), Amplifon (-2.70%), Prysmian (-2.34% ) and Terna (-1.94%). (in collaboration with Money.it)