(ANSA) – MILAN, 08 AUGUST – European stock exchanges continue positive after the quarterly results that have eased investors’ fears. With the summer recess climate and low trading volumes, fears remain on the markets for a slowdown in global growth pending inflation data arriving later in the week.
The stoxx 600 area index gains 0.6%. On the rise in Paris (+ 0.8%), Frankfurt (+ 0.7%), London and Madrid (+ 0.5%). The lists are supported by the technology sector (+ 1.4%). Utilities also performed well (+ 1%), with the price of gas not very moving at 196 euros per megawatt hour (+ 0.09%). The car sector is advancing (+ 1%) where Mercedes (+ 1.4%) and Porsche (+ 0.9%) are on display.
The energy equity sector was also positive (+ 0.7%), with the price of oil rising slightly. The WTI rises to 89.16 dollars per barrel (+ 0.1%) and the Brent to 95 dollars (+ 0.1%). Pharmaceuticals and telecommunications are slightly down (-0.1%).
Among commodities, gold was flat at 1,774 dollars an ounce while silver jumped to 20.05 dollars (+ 0.8%). On the currency front, the euro against the dollar strengthens at 1.0190 in London.
(HANDLE).
Source: Ansa
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