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Monday, December 5, 2022

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Stock market: Europe improving with Wall Street, Milan + 1.3%

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Euro splash, now worth less than a dollar (ANSA)

The main European lists further improved in the wake of the US indices. A first impulse was given by the member of the board of the ECB Fabio Panetta, who called for prudence on rates to avoid a recession. Milan (Ftse Mib + 1.3%) is the best followed by Frankfurt (+ 0.1%), sworn positively.

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Paris (-0.1%), Madrid and London (-0.6% both) remain behind. The differential between German BTPs and ten-year Bunds fell to 232.5 points, with the Italian annual yield reducing the rise to 3.654% (+4.8 points).

The euro is back above par against the dollar, with a rise of 0.651% to 1.001 greenbacks. WTI oil rose by 3.09% to 93.16 dollars a barrel, while Brent oil (+ 2.79%) rose to 99.16 dollars. Natural gas on the market in Amsterdam remained stable below 270 euros per MWh (-2.71% to 269.25 euros).

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Purchases are concentrated in the energy sector, with Saipem (+ 10.3%), Tenaris (+ 7.87%), Eni (+ 4.48%), TotalEnergies (+ 2.64%), Shell (+ 2.6%), Saras (+ 2.18%) and Bp (+ 1.95%). In light of the mining-mining and iron and steel industries ArcelorMittal (+ 3.54%), Anglo American (+ 2.12%) and Glencore (+ 1.77%), driven by the prices of metals, in particular iron (+1, 65% to $ 708.5 per ton), silver (+ 1.1% to $ 19.2 per ounce) and gold (+ 0.85% to $ 1750.9 per ounce). The auto sector dates back to starting with Porsche (+ 2.41%), ahead of Volkswagen (+ 2%), in view of the imminent listing of Porsche Ag, the sports car manufacturer from Stuttgart. BMW (+ 2%), Mercedes (+ 1.75%) and Stellantis (+ 1.5%) also did well. Among the banks, Intesa (+ 2.45%), Bper (+ 2.4%), Banco Bpm (+ 2.1%) and Unicredit (+ 1.75%), followed by Sabadell (+1, 15%), Credit Agricole (+ 0.86%), SocGen (+ 0.8%) and Mps (+ 0.8%). In contrast to SocGen (-0.8%).

Source: Ansa

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