Stock market: Europe optimistic with cars, banks and pharmaceuticals

Covid does not stop quality at the table, 16 billion DOP Economy (ANSA)

(ANSA) – MILAN, FEBRUARY 15 – The main European stock exchanges are optimistic towards the end of the session, despite the fears of volatility highlighted by a series of analysts in view of the rate hikes by central banks and with a look at the geopolitical situation in Ukraine. Frankfurt was doing well (+ 1.9%), followed by Paris (+ 1.7%), Madrid (+ 1.6%) and London (+ 0.9%). However, Milan is in the lead (+ 2%), with the BTP-Bund spread substantially stable, at 166 points and the Italian ten-year yield at 1.979%. The euro is up slightly against the dollar, at 1.136, gold is down (-0.4%) to 1.847 dollars an ounce. Crude oil fell sharply (wti -4.8%) to 90.8 dollars a barrel and brent to 92.1 dollars.

The Old Continent area index, Stoxx 600, gained 1.4%, supported above all by health, industry and consumer discretionary, while energy had a negative impact. Among the pharmaceuticals that earn the most is AstraZeneca (+ 5.5%), among the cars Stellantis (+ 3.8%) and Renault (+ 5.2%). Banks did well, starting with Banco Bpm and Fineco (+ 3.4%), with Bnp Paribas (+ 3.2%). Among the oil companies, many stocks in the red, such as Equinor (-6.5%) and Aker (-4.3%). (HANDLE).

Source: Ansa

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