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Stock market: Europe continues up with cars, down with utilities

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(ANSA) – MILAN, June 27 – European stock markets continue to rise while fears of a new rise in US inflation are easing. The issue of global economic growth continues to hold its own on the markets, while there are no glimmers of peace due to the war in Ukraine. Spotlights also focused on the prices of raw materials, with gas raising its head. The euro is up against the dollar at 1.0582 in London.

The stoxx 600 area index gains 0.7%. On the rise Frankfurt (+ 1.2%), London (+ 0.6%), Paris (+ 0.5%), Madrid (+ 0.1%). The price lists are supported by the car sector (+ 1.9%) and industry (+ 1.5%). Energy also did well (+ 0.7%), with the drop in the price of oil. WTI drops by 0.6% to $ 106 a barrel and Brent by 0.3% to $ 112.

Positive trend also for banks (+ 0.3%) while insurance is down (-0.1%). Utilities were weak (-0.1%), with the price of gas rising. In Amsterdam the price rises to 132 euros per MWh, with an increase of 3.1% after the initial jump to 136 euros.

On the raw materials side, gold rose to 1,838 dollars an ounce and silver to 21.52 dollars. (HANDLE).

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Source: Ansa

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