Firm rates, weak stock exchanges. Positive Wall Street after inflation

2021-06-11T06:26:01.262Z

"Inflation is not a danger and tightening now would be premature." The president of the ECB, Christine Lagarde, calms the markets just as the inflation data is released in the US, which jumped by 5% in May. The stance of European monetary policy remains very accommodating. The ECB has also revised its GDP estimates upwards: + 4.6% this year and + 4.7% next. But the European stock exchanges did not react, closing another session weak. Milan -0.40% the worst, weighed down by the industrial sector: -2.13 Cnh, -1.95% Prysmian, -1.35% Stellantis. London rose slightly, + 0.10%. The spread remained stable, at 105 basis points, while oil still remained at the highs of the last 2 years, above 72 dollars a barrel.