(ANSA) – MILAN, NOVEMBER 17 – The main European stock exchanges shortened at the end of the morning from Milan (+ 0.05%), which remains positive, to London (-0.25%) and Madrid (-0.15%) %), while Frankfurt earns 0.11% and Paris 0.13%. The rise in coronavirus infections throughout the continent weighs heavily, with growing numbers also in Italy and fears of possible new restrictions, while the ECB, which today released the report on financial stability, fears corrections on the “pockets of exuberance” that have arisen check the markets. US futures countered pending weekly mortgage applications, building permits and weekly crude oil stocks 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 rose to 122.5 points, as did the annual yield on ten-year bonds (+0.8 points to 0.975%). WTI crude oil falls below 80 dollars a barrel (-1.36% to 79.68 dollars), while natural gas is now a breath away from 100 euros (+ 5.74% to 99.6 euros per MWh in Amsterdam ). On the other hand, metals fell with the exception of gold (+ 0.07% to $ 1,860 an ounce) and silver (+ 0.07% to $ 25.07 an ounce).
Weak were Volkswagen automakers (-1.54%), after cutting Exane’s recommendation to ‘underperform’, Stellantis (-0.95%), Renault (-0.76%) and Bmw (-0.71%). The luxury sector goes against the trend with Kering (+ 1.45%) and Swatch (+ 1%), while Richemont deflates (+ 0.3%), initially driven by the purchase recommendation of Stifel analysts. The minus sign prevails among Shell oil (-0.77%), TotalEnergies (-0.54%) and BP (-0.59%), while Eni is more cautious (-0.22%). Banks contrasted, with increases for Lloyds (+ 1.1%), Commerzbank (+ 1.05%) and NatWest (+ 0.98%), Unicredit (+ 0.9%) and Credit Agricole (+0.58 %). Instead, Bankinter (-1.53%), Sabadell (-1.16%), Bbva (-0.48%) and, in Piazza Affari, Banco Bpm (-0.47%) sold. Little move Intesa (+ 0.06%). (HANDLE).
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Source From: Ansa
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