European stock exchanges closed in acceleration, also supported by the very positive day on Wall Street.
Milan rises to +3.42, Frankfurt is just better while the best is Paris, which exceeds + 4%.
To push the lists the conviction on the part of many market participants that fears of an imminent recession will push central banks, on both sides of the Atlantic, to slow down interest rate hikes a little, which would guarantee more favorable conditions for credit.
Not surprisingly, the sector most awarded in today's session is that of technology companies, the most sensitive to rate increases due to their constant need for refinancing.
The change in expectations also affects the sovereign debt markets, with yields on European government bonds still falling sharply: 17 basis points less for the Italian 10-year, 11 for the German bund - and so the spread is also narrowing, to 232 basis points.
Tensions are also falling on the energy front, with the price of natural gas confirming its decline and returning below 165 euros per megawatt hour.