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Wednesday, February 1, 2023

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Stock market: bad Europe with Wall Street open in negative

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Ukraine, von der Leyen:

(ANSA) – MILAN, 01 MAR – The main European stock exchanges continue in red, even after the negative opening of Wall Street, in the afternoon of the sixth day of conflict in Ukraine. The worst square is Paris (-2%), followed by Madrid (-1.3%), Frankfurt (-1.2%) and London (-0.8%). Milan is also bad (-2%), where the spread is down to 148.9 points, with the Italian ten-year yield at 1.492%. Crude oil rose (wti + 5.6%) to 101.3 dollars a barrel, on new highs, with brent at 103.8 dollars. Gold fell slightly (-0.2%) to 1,921 dollars an ounce. On the other hand, a surge for natural gas, with futures in Europe in the afternoon selling with prices running in Amsterdam (+ 17.4%) at 116 euros per MWh, but even more in London (+ 38.6%) at 276 penny to the Mmbtu.

The area index of the Old Continent, Stoxx 600, drops 0.8%, crushed above all by cars, luxury and finance, while the health and energy sectors hold. Red without exception for banks, with examples such as those of Intesa (-5.2%), Credit Agricole (-6.9%) and Hsbc (-2%). Among the cars, the worst goes to Renault (-7%) and Volkswagen (-4.5%), in luxury to Moncler (-6.2%) and Richemont (-5%). Pharmaceuticals are seeing growth in some stocks, starting with Bayer (3.3%) and AstraZeneca (+ 2.9%). Oil has recorded some rallies, such as Equinor (+ 7.8%), the Norwegian group that announced its exit from Russia, Aker (+ 7%) and Lundin (+ 5.6%). (HANDLE).

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Source: Ansa

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