(ANSA) – MILAN, 11 FEB – European stock exchanges continue their decline in view of the start of Wall Street where futures are in decline. The markets are in a bad mood after US inflation and with fears of a rapid tightening of monetary policy by central banks, in particular the Fed. Nervousness also on the front of government bonds with the rise in yields. In the background, the tensions between the US and Russia on the issue of Ukraine and the rise in energy prices which are holding back the economic recovery.
In this scenario, the stoxx 600 area index fell 0.9%.
Black jersey for Milan (-1.3%). Bad also Madrid and Paris (-1.1%), Frankfurt (-0.6%) and London (-0.7%). Utilities weigh on the lists (-1.6%), with the cut in the estimates of nuclear energy production in France and the governments in the field to contain the rise in bills. The price of gas is also up. In Amsterdam, prices rise to 74.79 euros while in London they stood at 178.97 pence.
Energy decreased (-0.26%), while the price of oil rose and the WTI stood at $ 90.48 per barrel (+ 0.7%). Negative trend also for banks (-1.1%), with the trend of government bonds, and Tlc (-0.7%). Cars recovered slightly (+ 1.4%), with Mercedes’ results and Bwm’s move rising to 75% in the Chinese joint venture.
On the currency market, the euro against the dollar is weak at 1.1394 in London. (HANDLE).
Source: Ansa
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