(ANSA) – MILAN, JUN 29 – European stock markets are weak, unlike the US prices after the decline beyond the estimates of the American quarterly GDP. The corporate profit index (-4.9%) and the data on real consumption expenses also fell, fueling the hypothesis that the Fed may revise its rate policy, while the president of the ECB Christine Lagarde confirms that Frankfurt will move “gradually”.
Milan lost 1.1%, Frankfurt 1.62%, Paris 0.85% and Madrid 1.51%, while London went against the trend (+ 0.1%). The differential between Italian BTPs and German ten-year Biunds fell to 188.4 points, with the Italian annual yield down by 10.7 points, to 3.436%. The run of gas continues (+ 8.34% to 139.95 euros per MWh), and crude oil (Wti + 1.76% to 113.76 dollars per barrel), while Chinese demand supports the prices of iron (+ 0.37% to $ 811.5 per ton) and steel (+ 0.53% to $ 4,394 per ton). Purchases in the oil sector, from Eni (+ 2.5%) to Bp (+ 2.1%), Shell (+ 2.02%) and TotalEnergies (+ 1.82%), while stocks and rights remain mixed on the Saipem capital increase, the former up by 7.96% to € 3.29 and the latter down by 66.18% to € 3.38. Banking contrasts: Standard Chartered (+ 3.03%), Hsbc (+ 1.39%), Bankinter (+ 1.22%) and Sabadell (+ 0.54%) run, while Mps slipped (-7.46 %), following the long wave of the plan that provides for a 2.5 billion capital increase, SocGen (-2.4%), Bnp and Unicredit (-1.8% both). Barclays (-1.7%), Commerbank (-1.7%), Credit Agricole (-1.66%) and Intesa (-1.43%) also weighed, while Banco Bpm remained unchanged. (HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
