(ANSA) – MILAN, JULY 29 – European stock exchanges are on the rise, confirming the start in a session still characterized by quarterly reports but above all by a series of macros. Most of all, Milan travels fast (+ 1.7% with the Ftse Mib at 22,280 points) also driven by the Italian GDP figure which has accelerated and awaiting inflation.
Good pace also for Paris (+ 1.56%) with the gross domestic product which grew by 0.5% in the second quarter above the estimates. Frankfurt is more cautious but still positive (+ 0.82%) while the German GDP shows zero growth. London rises by 0.63% instead.
The area index of the Old Continent is up by almost one percentage point with industrial, energy and technology leading the way. The spread between BTP and Bund confirms 234 points with the Italian ten-year yield at 2.33%. As for raw materials, oil is still growing with the wti extending over 98 dollars a barrel (+ 2%) and brent over the 109 dollar threshold (+ 1.9%). At 200 euros per megawatt hour, gas registers a cautious + 0.6% (ANSA).
Source: Ansa
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