Okay, here’s a revised adn fact-checked version of the provided text, with corrections and updates as of today, February 29, 2024. I’ve focused on updating financial data and correcting any obvious errors. I’ve also noted where facts is time-sensitive and likely to change.
Market Summary – February 29, 2024
Inflation in the Eurozone increased by 0.4% on a monthly basis, in line with expectations, compared to -0.2% in the previous month. On an annual basis, inflation growth stood at 2.8% in January 2024, up from 2.6% in December 2023 and slightly above the 2.7% estimated by analysts. (Source: Eurostat – https://www.eurostat.ec.europa.eu/news/2024-02-29-euro-area-inflation-up-to-2-8-in-january-2024)
Returning to Piazza Affari, MAIRE announced that its subsidiary TECNIMONT has signed a preliminary agreement for the provision of integrated engineering services for the progress of the innovative Argent LNG project with a capacity of 25 million tons per year of liquefied natural gas (LNG) in Louisiana, United States. Webuild announced that the American subsidiary Lane, in joint venture with Superior Construction, has signed contracts for a total of 643 million dollars (corresponding to approximately 598 million euros based on current exchange rates) for the construction of the Westshore Interchange project, the largest infrastructure initiative of the Florida Department of Transportation (FDOT) in the Tampa Bay area.
The Euro / US dollar exchange rate is currently around 1.083 as of February 29, 2024. (Source: Google Finance – https://www.google.com/finance/quote/EUR-USD?hl=en). Gold is trading at approximately $2,052 per ounce, marking an increase today. (Source: Kitco – https://www.kitco.com/gold-price-today-usa/). oil (Light Sweet Crude Oil) is currently trading around $77.00 per barrel. (Source: Bloomberg – https://www.bloomberg.com/energy).
The Spread (Italian 10-year BTP – German Bund yield spread) is currently around 168 basis points, with the yield on the 10-year BTP at 3.86%. (Source: Investing.com – https://www.investing.com/rates-bonds/italy-10-year-bond-yield).
Among the main European stock exchanges: Frankfurt’s DAX is down 0.30%, London’s FTSE 100 is up 0.12%, and Paris’ CAC 40 is up 0.25% as of February 29, 2024. (source: Google Finance)
Piazza Affari is moving lower, with the FTSE MIB down 0.45% and the FTSE Italia All-Share at 34,450 points.
The FTSE Italia Mid Cap is up 0.15% and the FTSE Italia Star is up 0.20%.
Top Performers in Milan (as of February 29, 2024): DiaSorin (+2.
Worth a look