A rebound was expected and a rebound was, but perhaps not to the extent hoped for: after the recent strong declines, the session was still positive for the Milan Stock Exchange: the Ftse Mib index closed up 1.04% at 20,920 points, the ” Ftse All share up 1.07% to 22,924.
Almost all the main stock markets of the Old Continent however closed higher: the best stock exchange was that of Paris, which rose by two percentage points, followed by Amsterdam (+ 1.9%), with Frankfurt positive by 1.5%. . London is also up (+ 1.2%) with a slight slowdown in the final on the day of the storm on the Johnson government. Piatta Madrid and also the Moex index in rubles of the Moscow list, with the RTSI expressed in dollars down 4%.
Gas price still in tension on the Amsterdam reference list for Europe, where it ended the day with futures for deliveries in August up 3.5% to 171 euros per megawatt hour, with oil still falling widely under $ 100 a barrel.
Meanwhile, the decline of the euro against the dollar does not stop, with the single currency losing almost one percentage point and changing hands to 1.016 moving towards parity with the greenback.
The pound is also weak, hit by the government crisis that is growing every hour: the pound leaves 0.45% on the ground.
The easing of tension on European government bonds did not last long, rather evident in the second part of the session of the telematic markets: the spread between 10-year German BTPs and Bunds closed up at 194 basis points compared to 190 at the start. for the day, with the yield on Treasury product at 3.14%.
In this context, the banks in Piazza Affari are still weak, with MPS losing 3.5%, once again adjusting the historical lows. Tenaris was also down (-3%) with Banco Bpm which lost 1.7% and B by 1.5%. Piatta Unicredit, up by 1.6% Tim on the day of the Board of Directors. Among the main stocks, Nexi, Moncler and Stm, which rose by more than four percentage points, very well, with Saipem recovering by 7% to 2.7 euros. (HANDLE).
Source: Ansa
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