(ANSA) – MILAN, MARCH 16 – The European stock exchanges confirm mid-session the step forward on the possibility that Russia and Ukraine could reach a compromise. A positive attitude that also infects futures on Wall Street as we await indications from the Fed in the evening. The Old Continent area index, the stoxx 600, rose by more than 2.6 percent with stocks linked to consumer goods, technology and financials taking the lead.
Among the individual squares, Milan gains 3.4% (Ftse Mib at 24,286 points) with Unicredit (+6.7) and Intesa Sanpaolo (+ 6.45%) with St (+7) and in fashion, Moncler ( + 6.4%) in evidence.
Good pace also for Generali (+ 4.2%) after the accounts and lists for the renewal of the board. As for the other lists, Frankfurt rose by 3.3%, Paris by 3.6%. London still lagging behind at + 1.3%.
The spread between the BTPs and the Bund remains in the area of 152 points with the Italian ten-year yield at 1.9 per cent. As far as raw materials are concerned, both oil and gas have reversed course, after an upward start. Brent is down 0.6% and is below $ 100 (99.3) a barrel. The WTI records a drop of 0.5% and is close to $ 96 a barrel. The price of gas in Amsterdam falls to 110 Mwh, after an opening at 117, with a decline of 4.13%. In London the price is 266 pence per Mmbtu thermal unit with a 3% drop. Among metals, nickel returned to trading in London, losing 5%. Trading lasted a few seconds and due to a technical problem relating to the 5% downward ceiling on prices, trading was once again suspended. On the foreign exchange front, the ruble is recovering. The Russian currency which before the war in Ukraine traded at 75 on the American currency, is exchanged at 100 on the greenback and at 110 on the euro which in turn changes hands at 1.10 on the dollar.
(HANDLE).
Source: Ansa
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