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Stock market: Europe turns up, Milan + 0.4%

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Increase the cost of bread and pasta (ANSA)

(ANSA) – MILAN, 05 NOV – European stock exchanges are turning up after a weak start and looking for a direction. Investors await US labor market data as they assess the outcome of the quarterly season. We also look at the trend of coronavirus infections and the effects they will have on the economic recovery.

The stoxx 600 area index advances 0.2%. Positive in London (+ 0.5%), Paris (+ 0.3%), Frankfurt (+ 0.2%) and Milan (+ 0.4%).

In contrast to Madrid (-0.2%). Utilities weigh on the lists (-0.3%) while energy returns to positive ground (+ 0.1%), with the price of WTI oil at 79.65 dollars a barrel and brent at 81.03 dollars.

In the Old Continent, the sprint of information technology (+ 1.5%). Tlc and pharmaceuticals (+ 0.4%) and banks (+ 0.6%) also did well. On the currency front, the euro against the dollar is slightly down to 1.1533 in London.

Ferrari (+ 3%) and Tim (+ 2.5%) run in Piazza Affari, the latter after the reopening of the file on the Rete Unica. Utilities contrasted with Hera (+ 1%), Snam (+ 0.5%), A2a (-1%), flat Italgas. Among the banks in the spotlight Banco Bpm (+ 1.1%), after the positive accounts of the nine months and the new business plan. Positive also Bper (+ 0.5%), awaiting the accounts, Intesa and Unicredit (+ 0.4%). In contrast to Mps (-0.1%). Leonardo fell (-1.8%), after the accounts. (HANDLE).

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Source From: Ansa

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