Oil prices rise in the early weeksa even if the price of Texas crude oil remains below 100 dollars a barrel and changes hands at 99.8 dollars a barrel (+ 0.5%). Brent is also upward at 105.04 dollars (+ 0.62%). The price of Texas crude oil was back below the $ 100 mark last Friday after the US announced its intention to release part of the reserves. Oil is up in New York, where prices rise 2.88% to 102.19 dollars a barrel.
GAS – The European countries are working on the hypothesis of independence from Russian gas. Germany says that “it is not possible” for the moment to stop importing gas from Russia. “We want to become independent of energy imports from Russia as soon as possible and Germany will support further sanctions on Russia, but at the moment it is not possible to cut gas supplies.” The German Finance Minister, Christian Lindner, said this on his arrival at the Eurogroup. “We need to put more pressure on Putin, isolate Russia and cut off all economic relations” but to reach an embargo “we need time, at the moment we have to distinguish between oil, coal and gas,” he explained. “Austria is not in favor of new gas-related sanctions” against Moscow “. We are very dependent on Russian gas and I think that all sanctions that affect us more than they affect Russia would not be fair.” This was stated by the Austrian Finance Minister, Magnus Brunner, arriving at the Eurogroup in Luxembourg.
BAGS – European stock exchanges are moving with caution given the contrasting trend of Wall Street where only the Nasdaq rises with Twitter superstar on the Elon Musk effect. Weak growth was recorded by Paris (+ 0.24%), Frankfurt (+ 0.14%) and London (+ 0.10%) and Milan fluctuating on par (-0.01%). The Moscow Stock Exchange also did not move much (+ 0.64%). At Piazza Affari, Tim continues to weigh (-2.76% to 0.31 euros) on doubts regarding the confirmation of an interest from Kkr and on the expectations that the price eventually offered will be far from the 0.505 euros put on the table by the fund last November . Generali down (-3% to € 20.4) slowing down after recent purchases also to position itself in view of the April meeting: there is still time until April 14 to buy the shares with which to vote on the 29th. On the podium Ferrari (+ 4.7%), in tune like the other European automakers, Leonardo (+ 3.3%), which benefits like the whole defense sector from the boost to military spending caused by the war in Ukraine, and Moncler (+3 %). The BTP Bund spread dropped to 154.9 points with a yield on the Italian bond equal to 2%. Oil rose (WTI + 3.2% Brent + 2.6%), while gas fell (Ttf -3%).
Source: Ansa
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