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European stock exchange skeptical of respite, Frankfurt -1.3%, gas flies

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Stop of the Eurocamera to equipment with scheduled expiry (ANSA)

(ANSA) – MILAN, MARCH 30 – European stock exchanges continue the session in negative territory, whose expectations for a truce in Ukraine appear to be cooled by doubts expressed by American intelligence on the reliability of Moscow’s intentions. Frankfurt lost 1.3%, Paris 0.9%, Madrid 0.8% and Milan 0.5% while London is essentially unchanged.

Futures on Wall Street indices were also negative, with drops of between 0.2 and 0.4%.

Skepticism towards Russia also overheats energy prices, with WTI at 106.3 (+ 2.1%) and Brent at 112.1 dollars (+ 1.7%) a barrel. Gas is running above all (+ 13.8% to 123.4 euros), in alarm after the Berlin preventive warning.

On the currency front, the yen rebounded from its six-year lows, after the Bank of Japan announced new purchases of government bonds.

The macro data arrived today did not improve the picture, with the rush of consumer prices in Spain (German prices will arrive at 2 pm) and those for production in Italy. War and inflation also weigh on Eurozone economic sentiment, down to 108.5 in March.

Tim is running in Piazza Affari (+ 3.4%), awaiting the moves of Kkr, to which the board of directors of the group has asked to clarify his offer within 4%. Generali also did well (+ 1.9%), on which the hunt for the vote of investors in the race for the board of directors started, and Eni (+ 1.9%), in the wake of oil prices. On the other hand, banks and cars are bad, in line with the performance of the two sectors in Europe: Banco Bpm (-3.3%), Interpump (-3%), Iveco (-2.4%), Saipem (-2.4 %), Pirelli (-2.2%) and Bper (-2%) are the worst stocks in the Ftse Mib. (HANDLE).

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Source: Ansa

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