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Stock market: Europe uncertain with ‘superdollar’, Milan -1.4%

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(ANSA) – MILAN, JUL 14 – European stock market rather uncertain, with nervousness concentrated on government bonds and on the Milan stock exchange with the start of the discussion in the Senate on the Aid decree and the vote of confidence expected in the afternoon.

Piazza Affari lost 1.4%, while Madrid dropped by half a percentage point, Paris by 0.4% and London by 0.2%. Flat Frankfurt and Moscow price lists up by 1% with gas reaching parity at 181 euros per megawatt hour.

The euro fluctuates at 1.003 against the dollar, after having tested the parity at a session low of 1.0007, and the tension on European government bonds is very strong, especially on those of countries historically under the pressure of speculation. The 10-year BTP yield rises by 20 basis points to 3.3% and the Spanish bond by 15 ‘basis points’, but the German Bund also grows by 10 points, with the spread at 210.

In a pessimistic climate, in Piazza Affari Intesa, Unicredit, Bper, Banco Bpm and Poste lost three percentage points, with Leonardo down by 2.3% and Generali by almost two points. Flat Pirelli, with Stm rising by one point and Saipem bouncing 8%. (HANDLE).

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Source: Ansa

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