European stock exchanges rejoiced after the start of trading in the United States. Sale Milan (+3.45%), driven by the ECB’s intention to move forward with a new anti-spread shield. king The spread between the BTP and the German Bund is stable at 216.5 pointsWith the Italian annual return slipping 36.4 points to 3.799%. Other European stock exchanges also closed sharply higher. Awaiting the Federal Reserve’s monetary policy decision tonight, investors welcomed the European Central Bank’s announcement to focus renewed purchases of accumulated bonds under Pepp’s plan to contain spreads. In London, the Ftse 100 index rose by 1.16% to 7271.10 points, in Frankfurt the Dax rose by 1.39% at 13489.07, and in Paris the Cac40 rose by 1.35% to 6030.13 points. Real Madrid also performed well at +1.37% and 8,177.30 points.
The financial sector stood out first, with Finecobank at +6.72% and Intesa Sanpaolo at +4.6%. Pirelli also performed well (+4.93%). Below were energy stocks, which suffered from weak oil prices after the sudden increase in US reserves: Tenaris lost 2.98% and Saipem 5.41%. In the foreign exchange market, the euro closed at $1.0404 from $1.0417 yesterday, after a session in which it rose to a high of $1.0508. The single currency is also valued at 139.97 yen (140.54), while the dollar/yen ratio is 134.52 (134.9). The price of oil fell, as we mentioned: West Texas Intermediate crude for July fell 0.87% to $117.89 a barrel, while August delivery of Brent crude fell 0.35% to $120.75. Natural gas prices jumped 21% to 117.5 euros per megawatt-hour after Russia’s giant Gazprom announced a cut of another 33% of shipments to Europe via the Nord Stream gas pipeline.