8.2 C
New York
Wednesday, March 29, 2023

Don't miss

Stock exchanges: Europe cautious while waiting for Powell, gas runs, euro weak

- Advertisement -

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

(ANSA) – MILAN, AUGUST 25 – European stock exchanges little moves awaiting the opening of Wall Street, at the end of an uncertain morning marked by new gas price records and some timid positive signals on the macro front, such as the German GDP , improved from the first reading. Frankfurt advanced by 0.4%, London by 0.3% and Paris by 0.2% while Milan sways on parity (-0.1%). Wall Street futures are widely positive with investors expecting confirmation from Jerome Powell tomorrow on the Fed’s determination to hike rates.

The price of Amsterdam gas futures remains above € 300 (+ 4.7% to € 305.9) while Eurozone sovereign bond yields are all down, following the easing of money market bets on close ECB (186 points of increase by July, 15 less than yesterday). The euro remains below par with the dollar, with which it trades at 0.996, the BTP-Bund spread drops to 221 points.

Piazza Affari highlighted Eni (+ 2.3%) and Tenaris (+ 1.8%), with the best energy sectors in Europe, together with raw materials and retailers. Exor (+ 1%) and Moncler (+ 0.6%) also did well, while Saipem (-3.6%) slipped with Banco Bpm (-2.1%) and Bper (-1.5%), Finecobank banks (-2%) Recordati (-1.8%) and Nexi (-1.7%). (HANDLE).

- Advertisement -

Source: Ansa

- Advertisement -

Latest Posts