(ANSA) – MILAN, 05 MAY – The European stock exchanges file the initial rise and remain toned awaiting the OPEC + meeting.
After weeks of nervousness, the markets seem to have regained greater serenity, following the Fed meeting which ruled out a rate hike of 75 basis points in June. The attention of investors towards the effects of the war in Ukraine remains high, with the new sanctions on Russia affecting oil. On the currency front, the euro is weak against the dollar at 1.0592 in London.
The stoxx 600 area index gains 1.2%. Positive in Paris (+ 1.7%), Frankfurt (+ 1.4%), Milan (+ 1.3%), Madrid (+ 1.1%) and London (+ 0.9%). The lists are supported by the positive trend in IT (+ 2.3%). Energy was also doing well (+ 1.2%), with little oil prices. The WTI stands at $ 107 a barrel, up 0.1%. Brent prices rise to 110 dollars (+ 0.3%).
Banks rose (+ 1.2%), with the results of the quarterly season and the impact of provisions due to the war. And after the moves of the Fed, the government bonds of the Old Continent register a nervous session. The utilities did not move much (+ 0.02%), with the price of gas remaining above 100 euros. In Amsterdam, prices stand at 106 per MWh. In London it rises to 171 pence at the MMBTU.
In Piazza Affari the Unicredit race continues (+ 6.4%), after the quarter’s accounts. The other banks also performed well with Intesa (+ 2.7%) and Banco Bpm (+ 2%), awaiting the results, Bper (+ 1.2%) and Mps (+ 1%). Enel (-1.2%), Leonardo (-0.5%) and Moncler (-0.6%) were down. (HANDLE).
Source: Ansa
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