Europe rises with Wall Street, drop in spread pushes Milan – Economy

European stock markets continue to be positive, even if they are below the high levels recorded during the day, after the start of the rise of Wall Street, which fell yesterday to its lowest level since the end of 2020 due to the maximum interest rate hike decided by the Federal Reserve and fears that monetary tightening could The economy sends stars and stripes into a recession.

Milan rose 1.2%, ahead of Frankfurt (+0.5%) London and Paris (+0.4% both) While in the government bond market, the reassurances received by the European Central Bank about its commitment against eurozone financial fragmentation bolstered the oceanic bonds of Greece, Italy, Portugal and Spain, with BTP-Bund dropped 11 basis points to 191 Our 10-year yield fell 15 points to 3.58%.

on me energy front Gazprom’s new cuts for Europe support the gas price (+1.7% to €126.5), which remains highly volatile in Amsterdam, while oil is down more than 1.5%, with Brent and WTI moving around $115. In European price lists Ibn Amr flies (+9.6%) after interest in BNP Paribas emerged (+1.2%), drags with it the banking sector (+1.9%), which is bought with the expectation of a new risk season.

In Milan stands Banco Bpm (+ 4.9%), Italgas (+ 4.8%), Nexi (+ 4.6%) and Campari (+ 4.6%). Diasorin (+4%), A2A (+3.9%) and Pirelli (+3.6%) also performed very well, while Intesa (+3%) and Unicredit (+2.9%) stood out among the banks.

Leave a Comment