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    Stock Exchange: Europe is growing, technology and cars fly

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    Roberto Gusmeroli (League):

    (ANSA) – MILAN, FEBRUARY 09 – The main European stock exchanges are further improving towards the end of the morning, with technology continuing to support the lists, after having already run in Asia, along with consumer discretionary and industry. Finance remains at the bottom, with investors looking at the next moves by central banks on rates and inflation. Geopolitical tensions remain in the background, in particular for the situation between Russia and Ukraine, in addition to the trend of the Covid 19 pandemic, between cures and economic impacts. The euro rose slightly against the dollar, trading at 1.144. Gold rose (+ 0.5%) to 1,827 dollars an ounce. Among other metals, iron ore dropped sharply (-4.1%) to 796 dollars a ton.

    For natural gas, futures in Europe are slightly down, with prices in Amsterdam (-0.3%) at 77 euros per MWh, while they rise again in London (+ 0.8%) to 187.4 220 penny per Mmbtu, the British thermal unit equivalent to 28.26 cubic meters.

    Meanwhile, the quarterly reports continue.

    The pink jersey in Europe goes to Frankfurt (+ 1.4%), followed by Paris (+ 1.3%), Madrid (+ 1.2%) and London (+ 0.6%). Milan did well (+ 1.1%), where the BTP-Bund spread rose to 157 points and the Italian ten-year yield to 1.79%.

    The Old Continent area index, Stoxx 600, gained 1.4%. In no particular order the banks, with some increases, as for Banco Bpm (+ 5.5%, the day after the accounts and an upgrade of Citi to buy, Intesa (+ 1%) and Banco Bilbao (+ 0.7%) , and some drops, as for Abn Amro (-3.9%) and Hsbc (-0.8%). Semiconductors run, starting with Asm (+ 4.9%) and Stm (+ 3.1%) . Cars are in great shape, with examples such as Porsche (+ 4.9%) and Mercedes (+ 3.8%). Luxury is doing well, from Swatch (+ 3.4%) to Richemont (+ 2.9%). and Lvmh (+ 1.5%).

    L’Oreal is doing well in view of the closed market accounts. Almost all oil products are positive, starting with Bp (+ 1.7%) and Equinor (+ 3.3%), with exceptions such as Shell (-0.3%), with crude oil in decline (wti -0.1% ) at 89.2 dollars a barrel and brent at 90.7 dollars.

    (HANDLE).

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    Source: Ansa

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