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Stock Exchange: Europe strengthens with oil, utilities and banks

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E-Distribuzione inaugurates the new primary cabin in Fossacesia (ANSA)

(ANSA) – MILAN, MAY 25 – The main European stock exchanges strengthened in the afternoon, after Wall Street turned positive and investors await further indications on the timing of rate hikes in the US from the minutes of the Fed. In Europe, the best marketplace is Madrid (+ 1.6%), followed by Paris (+ 0.9%), Frankfurt (+ 0.8%), London (+ 0.7%) and Milan is well suited (+ 1.5%) , with the BTP-Bund spread further down, to 198.4 points, while the yield retracts slightly, to 2.931%. Slight increase in the price of crude oil (wti + 0.1%) at 110.1 dollars a barrel and brent at 113.9 dollars. In the meantime, on the 91st day of the war in Ukraine, gold fell (-0.1%) to 1,849 dollars an ounce. The spot price of gas picks up a bit, with futures in Amsterdam (+ 4.1%) rising to 88 euros per MWh and those in London (+ 7.9%) reaching 147.5 pence per Mmbtu (units British thermal).

The Old Continent area index, Stoxx 600, gained 0.8%, supported above all by the energy sector, but also by utilities, cars and the majority of banks. On the other hand, the health and real estate investment sectors were in the red.


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Source: Ansa

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