(ANSA) – MILAN, MARCH 30 – European stock exchanges fold back in early trading, with hopes of a truce in Ukraine that deal with analysts’ doubts about Moscow’s real intentions while Spanish inflation data, which rose on 9 , 8% in March, fuel fears of an acceleration of monetary tightening by the ECB, with negative impacts on economic growth also endangered by the war in Ukraine.
Frankfurt lost 1%, Paris 0.7% and Milan 0.6% while London advanced 0.2%. Futures on Wall Street also fell fractionally. The activation by Germany of the alert on the emergency plan for gas triggered the price of methane in Amsterdam (+ 10.7% to 120 euros) while oil also started to rise again (Brent + 2% to 112.4 dollars and WTI + 2.2% to 106.5 dollars), in a climate of risk aversion also highlighted by the growth of gold (+ 0.5% to 1,922 dollars an ounce).
At the automotive sector level (-1.6% the Stoxx sector index) and banks (-1.1%) are among the most penalized stocks together with the media (-1.1%) and capital goods (-1, 1%). (HANDLE).
Source: Ansa
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