Stocks: Europe falls, after rates, eyes inflation

Stock markets in Europe take a hit pause for reflection with the Stoxx Europe 600 index falling by 0.3% after the weekend run-up, closed with the speech Fed Chairman Opens to Resuming Cuts rates in September. With London closed for holidays, they remain Paris down 0.7%, Frankfurt down 0.5% and Madrid down 0.5%. 0.47% while Milan, which also started in decline, turns upwards of 0.2 percent. After Powell's intervention the probability of a cut to September climbed back above 85%, with five cuts expected in next twelve months and the stock markets on Friday approached the highs, but now the focus shifts to inflation data in the US, the Eurozone and Japan, all concentrated in the day on Friday and on Nvidia's quarterly earnings on Wednesday evening. Banks lead the way in Milan, with MPS jumping 2.4%. and Mediobanca, which rose 1.8 percent. Unicredit also performed well. (+0.6%), Sondrio (+1.14%), and Bper (+0.74%). Azimut is the leading company. (+1.5%) and Nexi (+1.4%). Stellantis is weak (-1.1%).