(ANSA) – MILAN, APRIL 13 – The main European stock exchanges continue their session in red, after the weak opening on Wall Street, with US data on producer prices in March beyond analysts’ expectations, the day after those on inflation, which jumped last month, as did those in the UK, which spread this morning. Data that investors watch carefully in the 49th day of conflict in Ukraine. In Europe, awaiting the ECB meeting tomorrow, the best square is Madrid (-0.01%), followed by London (-0.2), Milan (-0.4%), with the spread rising to 160 points , Paris (-0.7%) and Frankfurt (-1%), with the German economic institutions that have projected an acute recession in 2023 in the event of a stop of Russian gas. The price of gold rose slightly (+ 0.1%) to 1,979 dollars an ounce. The price of crude oil rose (wti + 1.8%) to 102.4 dollars a barrel and with Brent oil to 106.8 dollars. The price of gas also continues to rise, with futures rising in Amsterdam (+ 2.4%) to 104.7 dollars per MWh, as well as in London (+ 0.5%) at 212.2 pence per Mmbtu ( thermal unit), despite the upcoming summer and with European countries that are considering possible embargoes on these supplies as well. On the currency front, the ruble continues to decline, with the exchange rate at 82.9 for one dollar and 89.7 for one euro, while the euro-dollar exchange rate is essentially stable at 1.08.
The area index, Stoxx 600, dropped by more than 0.5%. Cars weigh heavily, starting with Volvo (-4.3%), and components, starting with Faurecia (-2.8%). Semiconductors are negative, with examples such as Ams (-2.3%). Banks are in no particular order, with many stocks in the red, such as Banco Bilbao (-0.9%) and Fineco (-1.3%), and some increases, such as those of Banco Bpm (+ 3.2%), on the long wave of the entry of Credit Agricole (-0.7%) in the capital, Unicredit (+ 0.6%) and Hasbc (+ 0.5%). Almost all oil products are positive, starting with Aker (+ 3.4%) and Equinor (+ 3.2%). (HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
