Stock market: weak Europe, eyes on inflation, Milan -0.5%

Council (Gea):

(ANSA) – MILAN, APRIL 13 – The main European stock exchanges are weakening after more than 3 and a half hours of trading. The worst is Frankfurt (-0.95%), preceded by Milan and Paris (-0, 15% both), while London (-0.08%) and above all Madrid (+ 0.01%) appear more cautious, technically rising. US futures were positive in the aftermath of US inflation data and after the jump marked by the British figure, the highest in the last 30 years. Crude oil (WTI + 1.3% to 101.91 dollars a barrel) and gas (+ 1.14% to 104.41 euros) are up despite the warm season, with consequent purchases on Eni (+ 2.7% ), Repsol (+ 2.08%) TotalEnergies (+ 1.54%), Shell (+ 1.27%) and Bp (+ 0.83%).

The tension on government bonds eases, with the spread between German BTPs and Bunds down to 160 points and the annual yield on ten-year bonds up by 1 basis point to 2.41%.

Banco Bpm stands out (+ 3.26%) among bankers on the long wave of the purchase of Credit Agricole (-1.13%), which declared to own 9.18% on 7 April. Unicredit (+ 0.74%), Hsbc (+ 0.56%) and Standard Chartered (+ 0.52%) are more cautious, while Barclays (-0.68%), Bbva (-059%) and Commerzbank ( -0.56%).

Minus sign for Ferrari (-2.32%), Volvo (-2.46%), Renault (-1.51%), Bmw (-0.62%) and Stellantis (-0.47%), struggling with the shortage of microprocessors. In the sector weighed Infineon (-1.99%), Ams-Osram (-1.81%) and Stm (-1.34%). In light of Tim (+ 3.06%) in Piazza Affari, on the hypothesis of an interest of Apax and Iliad, while Atlantia is cautious (+ 0.41%) pending the resolution of the Board of Directors meeting today on the takeover bid to stop the aims expansionist of the Spanish ACS (+ 0.77%). (HANDLE).

Source: Ansa

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