Stocks: Europe continues weak after opening on Wall Street

FCA Bank expands partnerships with manufacturers (ANSA)

(ANSA) – MILAN, MAY 04 – Europe continues weak, after the unconvinced opening of Wall Street, with the exception of Frankfurt, which turned positive (+ 0.1%). Madrid (-0.5%), Paris (-0.4%) and London (-0.3%) remain in the red, as well as Milan (-0.5%), with the BTP-Bund spread still rising , to 197 points and the Italian yield increased to 2,973%. While a Fed rate decision is expected in the evening, with a possible 0.5% hike, data on private sector job creation in April are below expectations. Oil rose (wti + 4.5%) at 107 dollars a barrel, with brent at 109.6 dollars. Gold moved slightly (+ 0.08%) at 1,868 dollars an ounce.

The area index of the Old Continent, Stoxx 600, is down 0.3%, mainly under the weight of real estate investments, basic necessities and finance. Almost all banks are in the red, with exceptions such as HSBC (+ 1.1%) and Nordea (+ 0.4%).

The energy sector did well, with oil gains, starting with Equinor (+ 4.7%) and Repsol (+ 2.6%). (HANDLE).

Source: Ansa

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