(ANSA) – MILAN, 02 MAY – European stock exchanges further reduce the decline after the sharp fall at the beginning of the morning that lasted about ten minutes due, according to what has spread on the market, to what in technical jargon is called a ‘flash crash ‘that would have departed from the Nordic countries. The area index, the stoxx 600, loses less than 1 percent. The largest sales are mainly on technology and to follow, on energy and consumer-related stocks. Futures on Wall Street remain cautious on the rise.
The gaze of the lists is always on Ukraine and on the tensions that remain strong. The wait is then at the Fed meeting on Wednesday with the expected hike of half a point in rates. The week opened with a series of macro indicators, including the German manufacturing purchasing managers’ SME index which fell to 54.6 points in April but better than estimates.
Among the individual squares, the worst is Paris (-1.33%) despite the fact that the manufacturing SME has grown. Frankfurt loses 0.65% while Milan loses 0.83% with the Ftse Mib regaining 24 thousand points. Always under pressure St (-3.3%), Tenaris (-2.9%), Prysmian (-2.53). On the other hand, Italgas (+ 1.94%) stands out with Mediobanca (+ 1.35%) and A2a (-1.19%). The spread between the BTP and the Bund is around 188 points with the Italian ten-year yield traveling at 2.79% Closed, on the other hand, the London square and, on the other markets, Moscow. On the exchange rate, the ruble is not very mobile and trades at 71 against the dollar and below 75 against the dollar.
Gas, thanks to the milder temperatures, confirms the decline (-3.6%) with the price in Amsterdam falling below 96 euros per megawatt. Oil also fell with wti 101 dollars per barrel (-3%) and brent below 105 dollars per barrel (-2.46%).
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Source: Ansa
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