(ANSA) – MILAN, MAY 17 – Piazza Affari presses on the accelerator together with the other European stock exchanges, on the wings of optimism for a relaxation of the restrictive measures in China. The Ftse Mib rose by 1.6%, ahead of Frankfurt (+ 1.4%), Paris (+ 1.3%) and London (+ 0.5%) after the rally in Hong Kong (+3) , 2%) while futures on Wall Street also advance by more than 1%.
The rise of oil resumes, which now points to 115 dollars a barrel while gas in Amsterdam continues its decline (-2.1% to 90.9 euros per megawatt hour) after the EU has identified payment methods for gas Russian who do not violate sanctions.
The stocks of microchips (+ 2.4%), food delivery (+ 4.4%), energy (+ 1.9%), clothing and luxury (+ 1.9%) run on the European lists ), transport (+ 2.4%), in a generalized return of risk appetite despite a context that remains fragile due to the effects on the growth of monetary tightening, the price rush and the war in Ukraine.
In Milan, banks, automotive, energy and insurance companies lead the increases with Iveco (+ 3.9%), Banco Bpm (+ 3%), Moncler, Nexi, Intesa and Bper (+ 2.9%), Cnh and Unicredit (+ 2.8%), Stm Generali and Unipol (+ 2.4%). He does not take part in the Campari celebrations (-0.1%), the only minus sign on the Ftse Mib. The BTP-Bund spread remains at 188 basis points with the yield on our ten-year bonds slightly up to 2.869% (ANSA).
Source: Ansa
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