Stock exchanges today 2 March, Piazza Affari closed up: +0.30% – Corriere.it

Positive day for the European stock exchanges, with investors seeing the glass as half full on inflation and the next moves by central banks, pushing Wall Street futures up. According to Eurostat data, average year-on-year inflation in the Old Continent was 8.5% in February, against 8.6% in January. The consumer price index also fell on an annual basis in Italy: from 10% in January to 9.2% in February, according to the preliminary estimate by Istat. The European Central Bank lets it be known that it will proceed with the increase in interest rates already planned for March, by 50 basis points, but by no means excludes new interventions. The markets, however, expected it, just as they expect new interventions by the Fed. The impression, however, that the new increases, also given the criticisms of many European governments, will be contained. In Milan, the Ftse Mib gained 0.30% and closed at 27,397.60, Paris gained 0.69% to 7,284 points, London 0.4% to 7,946 points, Frankfurt 0.15% to 15,328 points and Madrid 0.03% at 9,325 points (here the quotes in real time).

Oil and natural gas are up slightly

At the TTF in Amsterdam the price of gas is still low, around 48 euros per megawatt hour. Oil continues its recovery, with Brent and Wti growing by around 0.5%.

Spreads

Closing up for the differential between German ten-year Btp and Bund at 186 points, against the 185 points scored on the eve of the closing. The Italian annual yield grew by 4.2 points to 4.6% against 3.7 points more than the German one at 2.741% (here the spread in real time).