(ANSA) – MILAN, APRIL 20 – European stock exchanges are improving near the middle of the session, with London gaining 0.4%, Frankfurt by 0.8%, Milan by 1% and Paris by 1.2% in awaiting, tonight, the last televised confrontation between Macron and Le Pen before Sunday’s vote.
Investors are looking favorably on the good quarterly results that arrived today, such as those from Danone and Heineken, and on industrial production data in the Eurozone, which grew 0.7% in March, in line with expectations. Banks (+ 1.9% the sector Stoxx index) and utilities (+ 1.3%) pull the sprint on the lists with cars (+ 1.3%) that react well despite the bad data on registrations in March A Piazza Affari highlights Banco Bpm (+ 5%), promoted by Mediobanca to outperform on the prospect of possible takeovers by Unicredit (+ 1.7%) or Credit Agricole. But running are all the bankers led by Intesa (+ 3.1%), Mediobanca (+ 2.9%) and Bper (+ 2.6%). Poste (+ 2.3%), Fineco (+ 1.8%) and Hera (+ 1.7%) also did well. In contrast, however, Amplifon (-1.6%), Cnh (-1%), Tim (-0.6%) and Terna (-0.5%).
Stellantis advanced by 1.3% as did Leonardo, promoted by Morgan Stanley.
The BTP-Bund spread is barely moved at 162 basis points while government bond yields retrace the entire eurozone, with the Italian 10-year paying 2.48%. On the energy front, gas (+ 2.4% to 96 euros for futures in Amsterdam) and oil (Brent and WTI rose by half a percentage point, respectively, to 103.34 and 107.98 dollars a barrel, respectively). (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.
