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Stock Exchange: Europe contracts with Ny, Milan confirms pace (+ 1.4%)

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Ford Italia, with DHL 'green' deliveries on E-Transit (ANSA)

(ANSA) – MILAN, JUL 28 – European stock exchanges contracted slightly but remain positive while Wall Street turned negative on the effects of the US GDP figure which in fact certifies the country’s recession. The area index of the Old Continent, the stoxx 600, reduces the rise to half a point, but always with the evidence of real estate and industrial. In Milan (+ 1.4%, Ftse Mib at 21,800 points), which is confirmed as the best Piazza also for the thrust of the quarterly, the pink jersey is from Moncler (+ 6.3%), Iveco + 5.5% and Prysmian (+ 5%). Profits were taken on Saipem (-1.54%) and Unicredit (-1.57%) while Recordati was under sale after the accounts (-2%).

Among the other lists, Frankfurt gained 0.4%, Paris 0.76 while London worsened and lost 0.4%.

The spread between BTP and Bund rises to 236 points with the Italian ten-year yield at 3.18%. Oil dropped with WTI below $ 97 per barrel (-0.7%) and Brent just above $ 106 (-0.27%). Gas in Amsterdam, still above 200, drops 1% to 203 per megawatt hour. (HANDLE).

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Source: Ansa

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