Stock Exchange: Europe recovers with Wall Street, Milan -0.3%

Mozzarella PDO, boom 2021 but war puts companies at risk (ANSA)

(ANSA) – MILAN, MARCH 18 – European stock exchanges halve losses in the afternoon as investors monitor the developments of the war in Ukraine on a day that saw US President Biden and Chinese President Xi discuss the crisis and Russian Putin addressing the country. Frankfurt lost 0.7%, Milan 0.3%, Paris 0.5% and London 0.3% after the uncertain start of Wall Street, whose indices move around parity in a session in which the volatility is accentuated by the expiry of options on indices and shares for 3.5 trillion dollars.

In the meantime, Russia has paid the US dollar coupons of two Eurobonds, in order to avoid default. Oil remains well above $ 100, with Brent at 107.1 and WTI at 104.1. Little moved the gas in Amsterdam (+ 0.8%) at 105.9 euros per megawatt hour. In Milan suffer Webuild (-5%) after accounts that disappointed the market, and Eni (-3.8%) on the day of the presentation of the strategic plan, Iveco (-3%), Tim (-1.8%), PIrelli (-1.9%) and Unicredit (-1.7%).

(HANDLE).

Source: Ansa

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