(ANSA) – MILAN, JUN 17 – European stock exchanges continue positive, even if below the highs marked during the day, after the start of the rise of Wall Street, which fell yesterday to the lowest levels since the end of 2020 due to the maxi rise in rates decided by the Fed and fears that monetary tightening could send the US economy into recession.
Milan rose by 1.2%, ahead of Frankfurt (+ 0.5%) London and Paris (+ 0.4% both) while on the government bond market the reassurances arrived from the ECB on its commitment against the financial fragmentation of the ‘Eurozone support the peripheral securities of Greece, Italy, Portugal and Spain, with the BTP-Bund spread down 11 basis points to 191 and our 10-year yield down 15 points to 3.58%.
On the energy front, Gazprom’s new cuts to Europe support the price of gas (+ 1.7% to € 126.5), which remains very volatile in Amsterdam, while oil is down by over 1.5 %, with Brent and WTI moving around $ 115.5 per barrel.
Abn Amro flies on the European lists (+ 9.6%) after the interest of Bnp Paribas (+ 1.2%) emerged, dragging with it the banking sector (+ 1.9%), which is being bought on the outlook of a new season of risk. In Milan stand Banco Bpm (+ 4.9%), Italgas (+ 4.8%), Nexi (+ 4.6%) and Campari (+ 4.6%). Diasorin (+ 4%), A2A (+ 3.9%) and Pirelli (+ 3.6%) also did very well, while Intesa (+ 3%) and Unicredit (+ 2.9%) stand out among the banks. (HANDLE).
Source: Ansa
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