(ANSA) – MILAN, JUN 23 – The equity markets of the Old Continent are struggling to recover from the recent phase of weakness: the Frankfurt Stock Exchange is the worst in Europe with a drop of around one percentage point, followed by Amsterdam down by 0.6 %, with Milan, Madrid, Paris and London negative by 0.4%. Just above Moscow parity.
The drop in oil on the assumptions of a global recession and especially in the United States continues to weigh on the general climate, with WTI crude oil falling by 2% to 104 dollars a barrel. Gas is still running at 134 euros per megawatt hour in Amsterdam, up by 5% compared to yesterday’s closing.
The euro was weak against the dollar, which struggled to hold 1.05 with a drop of about half a percentage point. The easing of tension on government bonds of all European countries is always very important, with the Italian BTP even below a yield of 3.4%. But the greater reduction in the German Bund rates widens the spread, which travels around 195 basis points.
With the futures on the Wall Street start uncertain, Piazza Affari looks to the mid-day mark with Saipem trying to contain the declines of the start, but which in any case drops by around 5% between various suspensions in the volatility auction. Bper, Pirelli and Nexi fell by more than two percentage points, with banks tending to be weak (Unicredit -1.8%, Intesa -1.3%). Piatta Generali after the Board meeting on the eve, up by about one and a half Tim points to 0.265 euros, Italgas and Amplifon good, rising over 2%.
Among the smaller capitalization stocks, Mps fell by more than one percentage point after the presentation of the new plan at a price of 0.67 euros, on the recent lows. (HANDLE).
Source: Ansa
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