European stock markets slowed on the back of the slowdown seen on Wall Street, which remains positive judging by bank balance sheets. Milan loses 0.39% in the final according to Bank of Italy estimates, which revised down GDP for 2024 and 2025.
In Piazza Affari, which still ends a week up 1.6%, the decline in the energy sector weighs: Saipem -1.7%, Eni -1.4%, but in the end Banco also loses Bpm – 2, 15%
London and Frankfurt close just below par, Paris +0.06%. The euro bounced back up to 1.1240 against the dollar, while gas prices fell again with prices below 26 euros per MWh. With a spread of 169 basis points, the 10-year yield remains below 4.2%.