Stock exchange: Europe reduces decline after EU inflation, Milan + 0.4%

Essilux, Milleri:

(ANSA) – MILAN, JULY 19 – The main European stock exchanges are improving after the confirmation of the inflation rate in the EU and in the Eurozone, released preliminarily at the beginning of the month. Unexpected increase in jobs in the UK. The best is Madrid (+ 1.02%), already positive in the morning, followed by Milan (+ 0.4%) which recently turned positive. Little move London (+ 0.06%), still slightly below the parity Paris (-0.11%) and Frankfurt (-0.07%). Positive US futures in view of the building permits, the Redbook on trade and the API advances on weekly crude oil stocks.

Quarterly accounts effect for the truck manufacturer Volvo Ab (-2.04%) and for Novartis (+ 0.69%), while Edf leaps (+ 15.01% to 11.76 euros) which reaches close to 12 euros offered by the Government of Paris for the purchase of 16% of the capital not yet owned.

The utility sector is lively with Rwe (+ 2.43%), Uniper (+ 3.07%) together with e.On (+ 2.04%). Contrasted oil from BP (+ 0.9%), Eni (+ 1%), TotalEnergies -0, 107%) and Shell (-0.42%). Two-speed also luxury, with Hugo Boss (+ 1.66%) and Richemont (+ 1.57%) positive unlike Lvmh (-0.31%) and Essilux (-0.47%), as it proceeds cautious Moncler (+ 0.22%).

Difficulty for semiconductor manufacturers Asm (-3.2%), Stm (-1.95%) and Infineon (-1.82%), good in the automotive field Volkswagen (+ 1.29%) and Renault (+1 %), while Ferrari (-1.05%) and Stellantis (-0.46%) were weak.

In the banking sector, Unicredit (+ 3.97%) and Mps (+ 3%) stand out, followed by Bper (+ 2.44%), Intesa (+ 2.31%) and Banco Bpm (+ 2.34%), in Piazza Affari. In light of Madrid CaixaBank (+ 4.88%) and Sabadell (+ 4.15%), followed by the German Commerzbank (+ 4.21%). SocGen (+ 1.81%) and Baclays (+ 1.6%) in London go up in Paris. (HANDLE).

Source: Ansa

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