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Stock market: Europe continues to be weak, uncertainty returns

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Rihanna, for

(ANSA) – MILAN, 08 JUL – The European stock exchanges continue weak in view of the US data on unemployment. A climate of uncertainty returns to the markets, after the positive performance of the eve and pending the start of Wall Street where futures are falling. Investors ‘attention is focused on central banks’ moves to counter inflation and on the rise in coronavirus infections. Session down for government bond yields. On the currency front, the euro weakens against the dollar at 1.0096, reaching the levels of December 2002.

The stoxx 600 area index gains 0.1%. Among the main European lists, the only one up is London (+ 0.1%) while Paris and Frankfurt (-0.1%) and Madrid (-0.6%) move in negative ground. The technology sector (-0.3%) and utilities (-0.1%) weigh heavily, the latter with the drop in the price of gas. In Amsterdam, prices stood at 180 euros per MWh, with a decrease of 1% compared to yesterday’s closing.

Energy was up (+ 1.3%), with the price of oil falling. The WTI drops 0.8% to 102 dollars a barrel and Brent drops to 104 dollars (-0.6%).

In Madrid, Mediaset Espana continues positively (+ 0.4%), after the data from the takeover and exchange offer (Opas) by Mfe. (HANDLE).

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Source: Ansa

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