Stock Exchange: Europe is doing well with tariffs and NY, the euro is running, Milan -0.5%

Pnrr, Elena Bonetti in Florence:

(ANSA) – MILAN, MAY 23 – European stock exchanges up after the positive opening of Wall Street, with the exception of Milan (-0.5%) which is affected by the detachment of the coupon by a large group of companies, including Azimut (-4.2%), Italgas (-4%), Generali (-4%), Interpump (-4%), Unipol (-3.7%) and A2A (-3.5%).

A little risk appetite returns to the lists after the US president, Joe Biden, said he was considering the abolition of some tariffs against China: London advanced by 1.2%, Frankfurt by 0.8% and Paris by 0.1% while in New York the Dow Jones rose by 1.1% and the S&P 500 by 0.8%. The euro is appreciating (+ 0.9% to 10.66 against the dollar) after the announcement by the president of the ECB, Christine Lagarde, on the end of negative rates in the Eurozone in September.

Oil advanced with wti at $ 110.8 (+ 0.5%) and brent at $ 113.3 (+ 0.6%). Amsterdam gas is down 4% to 84.4 euros per megawatt hour as European companies take advantage of the decline in demand to store methane.

The ruble did not stop running, dropping below 60 against the dollar (+ 7.5% to 57.7). The easing of tensions is reflected in the BTP-Bund spread which fell by more than five basis points, to 199 points, while the Italian 10-year yield fell just below 2.97%.

Piazza Affari highlighted Saipem (+ 3.8%), Cnh (+ 3%), banks with Banco Bpm (+ 3.3%) and Unicredit (+ 2.9%), Mediolanum (+2, 7%), Hera (+ 2.1%) and Bper (+ 1.8%). (HANDLE).

Source: Ansa

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