(ANSA) – MILAN, MAY 16 – European stock exchanges continue to struggle after the decline in industrial production in China. A fluctuating climate returns to the markets as the conflict between Russia and Ukraine continues and is slowing global economic growth. Investors are also focusing their attention on commodity trends with the price of gas and oil falling as wheat has jumped.
The stoxx 600 area index is slightly down by 0.1%. London (+ 0.1%) and Madrid (+ 0.3%) are positive, while Paris and Frankfurt are down (-0.2%). On the currency front the euro against the dollar is up to 1.0423 in London. On the government bond front, the nervousness on yields returns. The ten-year BTP rate rises to 2.9%, the Spanish one to 2% and the Greek one to 3.5%.
Information technology (-0.4%) and cars (-0.3%) weigh on the European lists, with Renault losing 0.2% after the sale of its activities in Russia. Utilities rose (+ 0.7%), with the price of gas falling. In Amsterdam, prices stood at 96 euros per MWh (-0.7%). In London, the price rises to 158 pence at the Mmbtu (+ 5%). Energy was also up (+ 0.4%), with the price of oil falling. WTI and Brent are paired at $ 109 a barrel with a decline of more than 1%.
The equity sector of basic necessities also fell (-0.4%), with the sharp rise in the price of durum wheat (+ 4.5%) and soft wheat (+ 5.1%). (HANDLE).
Source: Ansa
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