Piazza Affari closes in positive territory (+0.5%), Campari is among the best

European stock markets are closing in no particular order, while on Wall Street the US indices continue without ideas. In Piazza Affari, the Ftse Mib ended up 0.5% at 32,706 points, with purchases at Saipem (+4.3%) ahead of the accounts, STM (+4.25%) and Campari (+2.9%), the latter according to results with sales of 2.9 billion euros and a dividend increase of 8.3%. On the other hand, declines are recorded by Leonardo (-2.35%), which will publish its quarterly report in the next few days, and realizations are triggered by Banco Bpm (-1.6%).

Overall, market sentiment remains cautious as we await key inflation data in the coming days. Core PCE, one of the metrics monitored by the Fed for its monetary policy decisions, will be released in the US on Thursday, while the Eurozone consumer price report will be released on Friday (in addition to the Chinese PMIs). read from the ECB’s perspective.

Today, US durable goods orders fell more than expected in January (-6.1%) and the Conference Board consumer confidence index unexpectedly fell to 106.7 points.

For bonds, the BTP Bund spread is at 143 bp, with the Italian 10-year bond yield rising to 3.89% and the Bund yield rising to 2.46%. Meanwhile, in Italy, the placement of the BTP Valore continues, with demand remaining strong on the second placement day.

Among commodities, Brent oil again exceeds $82 per barrel. In the foreign exchange market, the euro/dollar exchange rate is stable at 1.085, and the dollar/yen rate is around 150.5 yen per dollar.