(ANSA) – MILAN, MARCH 29 – European stock exchanges continue strong after Wall Street’s positive start. Investors look forward to negotiations between Ukraine and Russia as the topic of the rise in coronavirus infections returns. While the lists are flexing their muscles, there is a decline in the price of oil and while gas rises again. Nervousness on government bonds as the euro continues to strengthen against the dollar. On the currency front, the euro against the dollar strengthens at 1.1130 in London.
The stoxx 600 area index gains 2%. Advance are Paris (+ 3.4%), Frankfurt (+ 3.3%), Madrid (+ 2.8%), Milan (+ 2.4%), London (+ 1.1%). The lists are supported by the positive performance of the car (+ 6.5%), banking (+ 3.7%) and insurance (+ 2.7%) sectors. Utilities also performed well (+ 1.3%), with gas in Amsterdam standing at 111 euros per MWh (+ 8%).
Negative performance for the energy equity sector (-2.8%), with WTI crude oil falling to $ 100 per barrel (-5%) and Brent oil at $ 107 (-4.8%). Among other commodities, gold also fell at 1,906 dollars per ounce (-0.3%).
On the government bond front, the spread between BTPs and Bunds stood at 150 basis points, with the Italian ten-year yield at 2.1%. The rates of the ‘neighboring’ countries also rose with Spain to 1.47% and Greece to 2.82%. The US Treasury fell to 2.4%. (HANDLE).
Source: Ansa
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