Stock Exchange: Europe rises, US futures positive, Milan + 0.6%

Sting on holidays, flights and petrol at the top of the rises (ANSA)

(ANSA) – MILAN, AUGUST 12 – Positive European stock exchanges in the last session before the mid-August break, actually valid only for Piazza Affari. Next Monday only the Milanese list will be closed, while all the others in Asia and the Pacific, in Europe and in the USA will be exchanged regularly. The various lists of the Old Continent are moving today in unison, with an increase of 0.6%, after the best-estimated GDP in the United Kingdom in June. Unsurprisingly, inflation in France was slightly down in Spain. EU industrial production grew beyond estimates (+ 2.4%) in June. Positive US futures pending Michighan consumer and business confidence indices. Crude oil (WTI + 0.14% to 94.45 dollars per barrel) has moved little, while natural gas is down (-1% to 206 euros per MWh) in Amsterdam. The differential between German BTPs and ten-year Bunds remained above 206 points, with the Italian annual yield growing by 3.8 points to 3.04%.

The run-up of oil products Tenaris (+ 1.94%), TotalEnergies (+ 1.71%), Bp (+ 1.66%), Eni (+ 1.54%) and Shell (+ 1.67%) continues. He took advantage of the microprocessor sector, with Ams-Osram (-1.79%) and Stm (-1.15%), both positive on the eve. The cars Continental (+ 2%), Renault (+ 1.15%) and Stellantis (+ 0.9%) did well, unlike Ferrari (-0.25%).

Fashion stocks were weak, from Puma (-0.91%) to Pandora (-0.8%), Moncler (-0.7%) and Hermes (-0.4%). In light of the banks, from Commerzbank (+ 2.81%) to Banco Bpm (+ 2.31%), of which JpMorgan has 5.12% potential through derivatives since last August 3. Barclays (+ 1.76%), NatWest (+ 1.64%) and SocGen (+ 1.43%) also performed well.

Unicredit (+ 1%) and Intesa (+ 0.5%) follow, while Bper is negative (-0.21%). (HANDLE).

Source: Ansa

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