European stock exchanges are turning down, after a positive start. In the Old Continent, nervousness on government bonds returns with 10-year yields on the rise. On the markets, fears remain of an even more aggressive choice by central banks. Meanwhile, the Fed meeting is expected while Jerome Powell’s speech at the Dollar Conference is scheduled today. On the currency front, the euro against the dollar rises to 1.0456 in London.
The stoxx 600 area index fell 0.3%. In negative Paris (-0.5%), Franforte (-0.2%), Milan (-0.4%). In contrast Madrid (+ 0.3%) while London is flat (+ 0.03%). The lists are supported by the banks (-0.7%) and by the Tlc (+ 0.1%). Energy also did well (+ 0.6%), with the rise in the price of oil. The WTI rises to 121 dollars per barrel (+ 0.4%) and Brent to 122 dollars (+ 0.4%).
Utilities fell (-0.4%), with the price of gas rising again. In Amsterdam, the prices stood at 87.5 euros per MWH (+ 5.2%) in London at 165 pennies at the MMBTU (+ 7.3%). In the Old Continent, cars are also down (-0.7%) and the technology sector (-0.9%).
Among other commodities, gold fell to 1,823 dollars an ounce (-1.9%) and silver to 21.13 dollars (-2%).
In the agri-food sector both durum wheat (-1.1% to 1,155 dollars per contractual unit of 5 thousand bushels) and wheat (-1.4% to 1,070 dollars) are in decline while the tug-of-war between Russia and Ukraine remains for the release of exports.
Source: Ansa
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