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Stock Exchange: Europe nervous while waiting for the ECB, Milan remains heavy

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ECB, Lagarde:

(ANSA) – MILAN, JUL 21 – European stock exchanges are showing nervousness and oscillate between parity and negative territory, with the exception of Piazza Affari (-2%) which remains heavy with the crisis of the Draghi government. The lists of the Old Continent are awaiting the decisions of the ECB which will announce the rate hike and the anti-spread shield. On the currency front, the euro against the dollar rose slightly to 1.0206.

The stoxx 600 area index fell 0.2%. In decline London (-0.4%), Frankfurt (-0.3%), Paris (-0.2%), Madrid (-0.4%). The lists are weighed down by utilities (-1.1%), while the price of gas continues to decline with the restart of the flows of the Nord Stream. In Amsterdam, the price drops to 151 euros per megawatt hour with a decrease of 2.3%.

Negative performance also for energy (-0.9%), with the price of oil falling. The WTI drops to 98 dollars a barrel (-1%) and the Brent to 106 dollars (-0.8%). Banks are also bad (-0.9%) with the tensions of government bonds. The 10-year yields are up sharply with the BTP at 3.52% (+15 basis points), the Greek one at 3.48% (+3.7 points) and the Spanish one at 2.53% (+6.5 points).

On the raw materials front, gold fell to 1,689 dollars an ounce, at the lowest level of the last twelve months. (HANDLE).

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Source: Ansa

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