(ANSA) – MILAN, 04 MAY – The main European stock exchanges move in negative territory on the day in which the Fed expresses its opinion on rates, with an expected rise of 0.5%, the highest since 2000 to date. Milan lost 0.4%, more than Paris (-0.24%), Madrid and London (-0.35% both) and Frankfurt (-0.17%).
Contrasted US futures, slightly down for the Dow Jones and speculating progress for the Nasdaq, while the spread between German BTPs and Bunds still falls (189.8 points), with the ten-year annual yield up by 3.2 points at 2.91%. The Italian SME index rose (54.5 points) unlike the German one (54.3 points), while that of the Eurozone (57.7 points), which spreads sales later on, was in line with estimates retail. In addition to the aforementioned Fed rate decision, the composite PMI index, ISM manufacturing indices and weekly crude oil stocks are arriving from the US.
Precisely the latter appears to rise (+ 2.84% to 105.32 dollars a barrel) together with gold (+ 0.65% to 1.870 dollars an ounce), while gas reverses (+4.6 % at 104 euros per MWh in Amsterdam) after a weak start. Rises sustained by BP (+ 1.4%), despite the quarter in the red, Shell (+ 1.14%), TotalEnergies (+ 1.2%) and Eni (+ 0.72%), among the few positive stocks in Piazza Affari. Countered the bankers. Bnp (+ 2.24%) positive on the long wave of the quarterly and Credit Agricole (+ 0.5%), Unicredit holds (+ 0.07%), weak instead Intesa (-0.34%), Banco Bpm (-1.31%) and Bper (-1.57%), awaiting the upcoming quarterly. In no particular order the car manufacturers: positive Bmw (+ 0.83%) and Volkswagen (+ 0.71%), unchanged Ferrari, sluggish Stellantis (-0.1%), weak Volvo (-2.8%). At two speeds, the microchip manufacturers, with slight increases for Stm (+ 0.07%) and Infineon (+ 0.16%), runs Nordic Semiconductor (+ 2.25%), while Asml slows down (-0.46% ) and Ams-Osram (-1.95%), after the worst quarterly estimates. (HANDLE).
Source: Ansa
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