(ANSA) – MILAN, June 27 – European stock markets continue their rise in view of the start of Wall Street where futures are positive. Investors are looking at the hypothesis of a slowdown in US inflation with possible effects on the monetary policies of central banks. On the currency front the euro against the dollar is up to 1.0577 in London.
The stoxx 600 area index gains 0.6%. Positive in Frankfurt (+ 0.9%), Paris (+ 0.22%), London (+ 0.68%), Madrid (+ 0.17%), in contrast to Milan (-0.28%). The lists are supported by the car (+ 1.6%) and industry (+ 1.4%) sectors. Energy also did well (+ 1.2%), with the price of oil volatile after Russia announced it would not cut production. The WTI is gaining 0.2% at $ 107 a barrel and Brent is earning 0.4% at $ 113. Banks are also positive (+ 0.5%).
Utilities sitting down as gas prices soar. In Amsterdam the price rises to 129 euros per MWh, an increase of 0.5%. In London, prices stood at 165 pence at the Mmbtu, with a decrease of 2.8%.
Nervousness on government bonds with rising yields. The spread between BTP and Bund is close to 200 basis points, with the Italian 10-year rate at 3.52%. The yields of the ‘peripheral’ countries also rose with Spain at 2.6% and Greece at 3.82%.
(HANDLE).
Source: Ansa
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