European stock exchanges continue to grow despite American futures reducing earnings as the Fed’s rate decision approaches to keep inflation at bay. Supporting the rebound in the lists of the Old Continent, with Piazza Affari at the top (+ 2.7%) after six negative sessions, is the extraordinary meeting of the ECB for a strategy capable of maintaining the integrity of the euro zone, avoiding dangerous tensions on spreads.
In addition to the euro (up to 1.04 against the dollar), the differential between BTPs and Bunds benefits from it: it fell to 221.1 points with the yield below 4% (to 3.89%), helping the recovery of securities financials, widespread on all European markets. In Milano Intesa it is + 5.6%, Unicredit + 5.4%, Generali + 5.1%. Only Tenaris is doing badly (-2.49%) but Eni is also lagging behind (+ 0.36%) with the cut in Gazprom supplies in a day of weakness in crude oil. Lima increases but the price of gas does not drop, which remains close to 100 euros per MWh (99.5 euros).
Source: Ansa
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