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Europaa stock markets down with gas rises and recession fears

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Cdp: new territorial office in Venice, third in Veneto (ANSA)

(ANSA) – MILAN, JULY 12 – The rise in gas and the fears of recession put pressure on the European stock exchanges but also on the futures on Wall Street which are moving in negative ground.

The Old Continent area index drops over half a point with sales focusing on real estate and technology.

Euro and dollar are getting closer to parity. The single currency changes hands at 1,0004 on the greenback. As for commodities, oil is down both with wti (-2.5% to 101.5 dollars a barrel) and with brent (-2.2% below 105 dollars a barrel). Gas rises in Amsterdam by 2.9% to 169.2 euros per megawatt hour. To affect the cut in Norwegian forinutures due to a breakdown that is added to the closure for maintenance of the Nord Stream gas pipeline Between the individual squares, Frankfurt lost 0.81%, and Paris 0.54%. The 5% increase in Edf should be noted, while the possibility that the group is totally nationalized would become more concrete with the purchase by the State of 16% of the capital it does not own.

For the rest, London loses 0.32% and Milan with the Ftse Mib 0.6%. Bankers under the lens with sales on Banco Bpm (-2.52%), Unicredit (-1.93%), Intesa (-1.94%) while the spread between BTP and Bund rises to 202 points with the yield of the Italian ten-year to 3.18%. Benefits on Tim (-2.5%). In the auction Saipem that between stop & go sells a theoretical 37.9% at the conclusion of the capital increase. Leonaro (+ 1.7%) and Tenaris (+ 1.18%) did well. Autogrill plate on the Dufry takeover bid price of 6.3 euros. (HANDLE).

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Source: Ansa

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