The ECB warns of a recession, the stock markets remain slightly positive

The market appears to be unaffected by the concerned analysis made clear by the ECB in the latest Financial Stability Report. The recession – we read – remains a possible scenario, the prospects are worsening. And that’s because “much of the impact of monetary tightening – that is, high interest rates – has not yet materialized.”

The indices of Frankfurt (+0.46%) and Paris (+0.34%) were positive, while London was slightly negative (-0.16%). In Milan +0.18% for the Ftse Mib after -1.32% yesterday, influenced by the decline in particular in the banking sector. Sector recovering today.

Banca Mps fell almost -8% yesterday. The stock had adjusted to the price at which the Treasury sold 25% of the bank’s capital. Today +2.23%. Moody’s upgraded the bank’s main rating from B1 to Ba3 this morning.

And after the presentation of the industrial plan until 2026, Enel shares are almost unchanged (-0.16%). The operating margin estimates in 2024 were in line with those of analysts.

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