(ANSA) – MILAN, NOV 29 – The main European stock exchanges slowed towards the end of the session, but remained positive, except for Frankfurt (-0.1%). The best is still London (+ 1%), followed by Madrid (+ 0.6%) and Paris (+ 0.4%). Milan did well (+ 0.5%), with the BTP-Bund spread at 130.3 points. The markets are looking above all at the evolution of the Covid 19 pandemic and in particular at the new Omicron variant, with Europe engaged in vaccinations and the hypothesis of an EU summit in perspective.
The area index of the Old Continent, Stoxx 600, gained 0.7%, driven by the energy and IT sectors, while the health sector had a negative impact. Among oil, with crude oil continuing to rise (wti + 3.9%) at 10.7 dollars a barrel and brent at 74.8 dollars, Lundin (+ 6.4%) and BP (+3, 6%). Among the semiconductors Nordic Semiconductor (+ 5.1% 9 and Asml (+ 2.8%) stand out. Luxury is brilliant, from Richemont (+ 4.2%) to Kering (+ 3%), minus Lvmh (+0, 7%), while the American designer Virgil Abloh, artistic director of the Luis Vuitton men’s collection and founder of the Off-White brand, died the day before, and on 2 December pays the 3 euro deposit on the dividend.
Banks were mostly positive, with increases such as those of Abn Amro (+ 2.6%) and Nordea (+ 2.2%), with exceptions such as Commerzbank (-0.7%), Intesa (-0.5%) and Banco Bilbao (-0.4%). In no particular order the cars, with some gains, as for Ferrari (+ 1.9%) and Volkswagen (+ 0.6%), and some losses, as for Renault (-1%) and Daimler (-0.3%) ). Many pharmaceuticals are in the red, including Ipsen (-2.3%) and Merck (-1.3%), with exceptions such as Glaxo (+ 1%).
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