(ANSA) – MILAN, JUN 24 – Wall Street and many European lists are running with increases of more than two percentage points, reaching the highs of the session after the data from the University of Michigan on the 5-10 year inflation expectations of consumers is was revised down to 3.1% and Fed member James Bullard dismissed recession fears, calling the debate a bit premature and confident that “everything will be fine”.
In New York, all three main indices rose by over 2%, while in Europe Paris advanced by 3.3%, London by 2.5%, Milan by 2.4% and Frankfurt by 1.7%. The BTP-Bund spread falls back to 198 basis points, with the Italian ten-year yield standing at 3.4%. The easing of recession fears gives strength to crude oil prices, which jumped by almost 4% over 108 dollars a barrel while gas dropped by almost 4% to 128.6 euros. (HANDLE).
Source: Ansa
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