(ANSA) – MILAN, NOVEMBER 17 – The main European stock exchanges are moving at two speeds, with London (-0.15%) falling after the inflation data (+ 3.4%) which rose above estimates (+3 , 1%) in the United Kingdom. A minus sign also for Madrid (-0.03%), while Paris holds (+ 0.11%). Frankfurt (+ 0.21%) and Milan (+ 0.3%) do better, with US futures rising. After the ECB report on financial stability, mortgage applications, building permits and weekly crude oil stocks are arriving from the US according to the EIA. Investors’ eyes are then on the Fed, whose president will soon be appointed by US president Joe Biden. Among the names circulate the outgoing Jerome Powell and Laer Brainard.
The spread between BTPs and German Bunds fell to 121.5 points, together with the annual yield on ten-year bonds (-0.8 points to 0.959%). Crude oil fell (WTI -0.45% to 80.4 dollars a barrel) along with metals, while gas confirmed its rise (+ 4.73% to 98.64 euros per Mwh). Against the automakers.
Volkswagen sells (-0.85%), after the cut of Exane’s recommendation to ‘underperform’ (yield below the index), Renault (+ 0.4%) and Daimler (+ 0.44%) instead rise, Bene the luxury sector with Richemont (+ 1.67%), driven by the purchase recommendation of Stifel analysts. Slight drop for Shell (-0.17%), little move TotalEnergies (+ 0.02%), positive Eni (+ 0.4%). In the banking sector, NatWest (+ 1.84%), Commerzbank (+ 1.72%) and Lloyds (+ 1.58%) stand out, followed by SocGen (+ 0.7%) and Bnp (+ 0.65%) ). Unicredit (+ 0.82%), Banco Bpm (+ 0.4%) and Bper (+ 0.39%) improved in Piazza Affari, where Intesa turned up (+ 0.08%). (HANDLE).
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Source From: Ansa
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