Stock market: Europe slips with mini-euro and futures, Milan -2.3%

Pnrr, Colao:

(ANSA) – MILAN, 05 JUL – The main European stock exchanges slide with the euro at its lowest in twenty years against the dollar and negative US futures after closing for Independence Day and on the eve of the minutes of the last Fed Fomc The worst are Frankfurt and Paris (-2.5% both), slightly preceded by Milan (-2.3%), London (-2.1%) and Madrid (-1.7%). The differential between German BTPs and ten-year Bunds rose to 198.9 points, with the Italian annual yield down 3.3 basis points to 3.19%. The euro fell to 1.02 dollars, while it remained stable at 1.16 against the pound. Crude oil slips (Wti -1.95% at $ 106.34 per barrel) on the eve of US weekly stocks, while the gas rush continues (+ 2.99% at € 167.8 per MWh). It took profits on the oil sector after the run of the eve. Shell leaves 4.68% on the field, Bp 4.46%, TotalEnergies 4.06% and Eni 3.53%. Also under pressure are the automobiles Renault (-5.43%), Volvo (-5.21%), Volkswagen (-4.06%) and Stellantis (-2.39%). (HANDLE).

Source: Ansa

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