Italy Inflation Rate YoY Final

Italy Harmonised Inflation Rate MoM Final

Italy Harmonised Inflation Rate YoY Final

Italy Inflation Rate MoM Final

The STOXX 50 edged down 0.2%, while the STOXX 600 rose 0.1% on Monday, as traders awaited the German vote on a crucial spending plan set for tomorrow. The conservative CDU/CSU bloc, led by election winner Friedrich Merz, is expected to secure the two-thirds parliamentary majority needed to pass the proposed constitutional amendments. Investors also assessed encouraging economic data, China’s newly announced "Special Action Plan to Boost Consumption," geopolitical developments, and several key central bank decisions this week, including from the Fed. On the corporate front, AstraZeneca dipped 0.2% after announcing plans to acquire biotechnology firm EsoBiotec in a deal potentially worth up to $1 billion. Meanwhile, Novo Nordisk surged over 2%. Luxury stocks faced headwinds, with LVMH (-0.7%), Hermès (-1.6%), and Kering (-1.8%) all declining. In contrast, the auto sector recorded gains, namely Volkswagen (+0.6%) and Mercedes-Benz (+0.2%).

European Stocks Cautious to Kick Off the Week

Lithuania’s current account surplus narrowed to EUR 70.18 million in January 2025, from EUR 91.79 million in the same month of the previous year. The decline was primarily driven by a widening goods account deficit, which increased to EUR 297.26 million from EUR 257.94 million a year earlier, and a decrease in the services account surplus to EUR 490.56 million from EUR 543.03 million. On the other hand, the primary income shortfall declined to EUR 117.58 million from EUR 164.81 million, as well as the secondary income gap to EUR 5.54 million from EUR 28.49 million.

Lithuania Current Account Surplus Narrows

US natural gas futures climbed toward $4.2/MMBtu on Monday, recovering from last week’s 6.7% drop, as stronger-than-expected heating demand and robust LNG exports provided support. Gas flows to US LNG export plants remained high at 15.6 bcfd, matching last month’s record. In addition, the latest EIA report showed US utilities withdrew 62 bcf of gas for the week ending March 7, exceeding forecasts of 50-55 bcf. This left storage levels 27% lower than a year ago and 11.9% below the five-year average. However, near-record production continues to cap gains, with output in the Lower 48 states reaching 105.7 bcfd in March, surpassing February’s record of 105.1 bcfd.

US Natgas Prices Rebound on Monday

European natural gas futures dipped to €41.7/MWh on Monday, easing after last week’s 9% rally, as traders weighed heating demand and monitored ceasefire negotiations between Ukraine and Russia. Concerns persist over Europe's ability to replenish gas storage ahead of next winter, with current levels at 35% and a 90% target set for November 1. Hopes for a swift resolution to the Ukraine war, which could restore Russian gas flows, remain dim. US President Donald Trump is seeking Putin’s backing for a 30-day ceasefire plan that Ukraine accepted last week, as both sides continued heavy aerial strikes over the weekend. While Russian President Vladimir Putin voiced conditional support for a ceasefire, his demands indicate no immediate breakthrough.

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