Stock Exchange: Europe widens decline with US futures, Milan -2.5%

Mediobanca, the eighth edition of the 'Italian Ceo Conference' (ANSA) kicks off

(ANSA) – MILAN, 22 JUN – The decline widened by losing further positions on the main European stock exchanges after 3 hours of trading. The worst is Milan (-2.5%), with the differential between German BTPs and Bunds stable at around 195 points and the Tialian annual yield down by 7.8 points to 3.6% net. Frankfurt (-2.05%), Paris and Masdrid (-1.9% both) precede it, while London leaves 1.5% on the field. US futures were negative, falling by more than one and a half percentage points after record inflation recorded in the United Kingdom and with the alarm on growth undermined by the Fed’s rate hike. 104.36 dollars) is a sign of this on the day in which US weekly stocks are expected and pending an intervention by Fed President Jerome Powell. Consumer confidence in June is expected from the Eurozone in the afternoon, while gas prices continue to rise (+ 3.02% to € 129.35 per MWh).

Shell (-3.9%), Eni (-3.8%), TotalEnergies and Bp (-3.4% both) are under fire. Tenaris (-5.58%) is also affected by the decline in iron and steel and Saipem (-16.16%) with a 30% discount for the 2 billion euro capital increase. The producers of microprocessors Stm (-3.5%) and Infineon (-3.8%) weigh with the tensions between China and Taiwan, while in the automotive field the biggest drops are for Stellantis (-4%) and Volvo (-3.9 %) and Renault (-3.3%). Banks lose less, from Sabadell (-1.47%), to Commerzbank (-1.05%), Unicredit (-0.76%), Bper (-0.79%), Banco Bpm (-0.69 %) and Intesa (-0.26%). In contrast to Nestlè (+ 0.82%) and Heineken (+ 0.6%), while Campari is down (-0.8%). (HANDLE).

Source: Ansa

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