Stock Exchange: Europe sluggish with drop in oil and US data, Milan

Bank of Italy: families more optimistic and willing to pay (ANSA)

(ANSA) – MILAN, NOVEMBER 18 – European stock exchanges continue sluggish after the weak start of Wall Street and falling requests for unemployment benefits. In the Old Continent the theme of the pandemic is taking hold with the increase in infections and fears for new containment measures. The price lists are affected by the drop in energy (-1.7%) and utilities (-0.4%) with the drop in the price of crude oil, in particular the WTI falls to 78.31 dollars a barrel while Brent rises to 80.45 dollars.

The stoxx 600 area index fell 0.17%. In decline London (-0.27), Madrid (-0.73%) and Milan (-0.44%), flat Paris (+ 0.02%) and Frankfurt (-0.04%). Sales on banks (-0.7%) and insurance companies (-0.4%) while cars are on the rise (+ 0.4%).

On the currency front, the euro against the dollar is stable at the 16-month lows of 1.1346.

Little moved the price of gas. In Amsterdam it stands at 93.78 euros per Mwh while in London it reaches 236 pennies per Mmbtu, the British thermal unit equivalent to 28.26 cubic meters.

In Piazza Affari, Recordati (-2%) and Tenaris (-2.1%) expand the decline. Among the oil-related stocks, Eni (-1.5%) and Saipem (-0.6%) also fell. Sales on Mps (-1.7%), while rumors about the capital increase are chasing. In light Diasorin (+ 1.3%) and Hera (+ 1.1%). Mediobanca gains 0.4%, with Delfin not commenting on the press hypotheses on the increase in Piazzetta Cuccia’s stake. Generali lost 0.4%, while the De Agostini group, which holds a 1.44% stake, is preparing to decline. (HANDLE).

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Source From: Ansa

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