(ANSA) – MILAN, APRIL 08 – European stock markets continue to rise sharply while waiting for the start of Wall Street where futures are in positive ground. In the Old Continent, energy (+ 2.5%) and banks (+ 2.4%) are showing their muscles, with investors triggering profit-taking after the drops in previous sessions. Attention remains high on the impact of the war in Ukraine on the global economy and on the next moves by central banks. On the currency front the euro against the dollar is weak at 1.0872 in London.
The stoxx 600 area index gains 1%. Milan (+ 1.8%), Paris and Frankfurt (+ 1.3%), Madrid (+ 1.2%) and London (+ 0.9%) are steadily rising. The lists are also supported by the performance of the car sector (+ 2.3%) and by utilities (+ 0.9%), the latter while the price of gas is rising. In Amsterdam, prices stood at 108 euros per MWh (+ 4%). In London it rises to 241 pennies at the Mmbtu (+ 3.2%). The price of oil also rises with WTI and Brent oil appearing at 96 dollars a barrel, up 0.9% and 0.8% respectively.
Banco Bpm’s run continues in Piazza Affari (+ 14.7%), with the arrival of Credit Agricole which has bought a 9.18% stake.
Among the banks, Popolare di Sondrio also stands out (+ 5.65%). Bper (+ 3.8%), Intesa and Unicredit (+ 2.4%) also did well.
Atlantia advances (+ 3.6%), grappling with the moves of the Benettons after the preliminary offer made by the Spanish group Acs. Tim’s decline widens (-3.4%), after the board’s decision not to grant any due diligence to Kkr. (HANDLE).
Source: Ansa
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