(ANSA) – MILAN, JUL 12 – European stock exchanges continue to lose ground in mid-session with fears of recession and rising gas with the market dealing with the cut in Norwegian supplies due to a breakdown to which it is added the closure for maintenance of the Nord Stream gas pipeline.
In this context, the euro and the dollar travel on par and for an instant the single currency breaks the threshold and drops to 0.99 and then rises and positions itself at 1.0018 on the greenback.
Oil is then again below 100 dollars with the wti falling to 98.95 dollars per barrel (-4.9%). Brent is at 102 dollars a barrel (-4.4%).
Futures on Wall Street are also negative as the market increasingly looks at tomorrow’s inflation data from the United States. Meanwhile, the Zew investor confidence index in Germany lost 25.8 points in July, falling to -53.8, worse than expected, which was -38.3.
Milan with the Ftse Mib loses 1.13% to 21.324 points. On the heavy index the banks with Banco Bpm (-5.5%), Bper (-5.5%) engaged in the takeover bid on Carige and Mps (-4.2%). The spread rises to 200 points with the Italian ten-year yield at 3.11%. Then Saipem is under pressure, which between stop & go yields around 36% at the end of the increase and while the unopted is in progress. Among the other lists, Frankfurt lost 1%, Paris 0.46% and London 0.6%. (HANDLE).
Source: Ansa
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