(ANSA) – MILAN, AUGUST 11 – The main European stock exchanges continue to struggle in the wake of the rise in US prices in the aftermath of the unexpected slowdown in American inflation.
Milan (+ 0.7%) is the queen, followed by Madrid (+ 0.4%), Paris and Frankfurt (+ 0.2% both), while London (-0.5%) is confirmed in decline. The differential between German BTPs and ten-year Bunds rose to 205.1 points, with the Italian annual yield increasing by 2.2 points to 2,995%.
Crude oil rebounds (WTI + 1.23% at 93.03 dollars a barrel), returning above 90 dollars despite the above-expected increase in US weekly inventories on the eve. On the other hand, the gas rush continues (+ 3.12% to 211, tt euro per MWh), which drops below the maximum of the day as storage proceeds throughout Europe in view of the winter. A favorable picture for TotalEnergies (+ 2.69%), Shell (+ 1.75%), Eni (+ 1.45%) and BP (+ 1.3%) oil. In light of the semiconductor manufacturers Ams-Osram (+ 2.95%), Stm (+ 1.75%) and Asm (+ 1.4%).
Good in the automotive field Stellantis (+ 0.9%) and Volkswagen (+ 0.75%) unlike the Porsche holding (-0.83%) upstream of the control chain. The pharmaceuticals Sanofi (-5.35%), Gsk (-8.56%) and Haleon (-7.9%) and Gsk (9.98%) slip due to problems with the drug Zantac, under accusation in the USA for possible carcinogenicity.
Positive were the banks Commerzbank (+ 1.31%), Banco Bpm (+ 1.29%), Credit Agricole (+ 1.1%), and SocGen (+ 1%). Followed by Intsa (+ 0.54%) and Unicredit (+ 0.43%), weak Bper (-0.09%) after two brilliant sessions. (HANDLE).