(ANSA) – MILAN, AUGUST 17 – The main European stock exchanges appear to be in contrast after a modest rise. Frankfurt (-0.1%) and Madrid (-0.15%) are the worst, almost unchanged London (-0.01%) and Paris (-0.04%), slightly up Milan (Ftse Mib +0 , 3%). US futures turned negative with fears of a new tightening by the Fed on rates in view of the Federal Committee on 20/21 September. A first indication will already be available at the next Jackson Hole symposium, between 25 and 26 August.
Contrasted crude oil (Wti -0.34% to 86.24 dollars a barrel) and natural gas (+ 3.14% to 233 euros per MWh in Amsterdam), while gold turns down (-0.24% to $ 1,773.52 per ounce) and steel (-1.23% to $ 4,087 per ton) reduces it. The dollar stabilizes at 1.017 against the euro, while the pound accelerates to 1.21 greenbacks.
Shell oil (-0.1%) and TotalEnergies (-0.05%) did not move, while BP (+ 0.62%) and Eni (+ 0.3%) were more lively. The semiconductor producers Stm (-0.1%) and Asml (-0.18%) are weak, while Nordic (-1.42%) and Asm-Osram (-1.57%) are weaker. Sales on Anglo American miners (-0.75%) and Rio Tinto (-0.7%) prevail.
In the auto sector, profits were taken on Volvo (-0.37%), while Renault (-0.6%) and Stellantis (+ 0.56%) contrasted, and Ferrari did not move much (+ 0.3%). The luxury sector restarts from Moncler and Roichemont (+ 1.15% both) to Kering (+ 1%), Hermes (+ 0.7%) and Lvmh (+ 0.65%). Increases for Unicredit (+ 1.65%), Bbva (+ 1.1%), Bper (+ 1%), NatWest (+ 0.95%) and SocGen (+ 0.65%) banks. Intesa (+ 0.4%), Mps (+ 0.45%) and Banco Bpm (+ 0.26%) (ANSA) are more cautious.
Source: Ansa
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