Stock market: Europe accelerates, eyes on microchips, Milan + 1.9%

Usa, CEO fires 900 employees via Zoom (ANSA)

(ANSA) – MILAN, DECEMBER 07 – The main European stock exchanges are picking up pace, driven by the prices of microchip manufacturers, already in light in Asia and the Pacific and, in the future, also on Wall Street. The best is Paris (+ 2.32%), followed by Frankfurt (+ 2.05%), Milan (+ 1.9%), London (+ 1.18%) and Madrid (+ 0.81%). Futures on the US markets are positive, in particular the Nasdaq, where the technology stocks are listed. In Piazza Affari the best is Stm (+ 4.44%), which moves in harmony with European rivals Asm International (+ 6.4%), Asml Holding (+ 5.63%) and Infineon (+4, 36%).

Still linked to the technological sector is the leap deigned by Stellantis (+ 3.23%), which signed an agreement with Foxconn to design and sell flexible semiconductors for the automotive sector. More cautious are Renault (+ 2.19%), Ferrari (+ 1.91%) and Daimler (+ 1.44%). The luxury sector is also highlighted, driven by the assumptions of economic stimuli from the Chinese Central Bank. Moncler earns 3.89%, Lvmh 4.07%, Richemont 4.62% and Kering 4.67%. The new rise in crude oil, awaiting weekly US stocks according to the API, pushes Eni (+ 1.4%) and TotalEnergies (+ 1.3%). BP (+ 0.68%) and Shell (+ 0.57%) are more cautious. The increase in the spread between German BTPs and Bunds to 127.9 points, with the annual yield on ten-year bonds growing by 3.5 basis points to 0.91%, does not affect Unicredit banks (+ 1.96%), Intesa (+ 1.65%) and Banco Bpm (+ 1.33%). Mps (+ 0.87%) and Bper (+ 0.51%) are more cautious. Lloyds (+ 2.11%), Bbva (+ 1.46%) and Bnp (+ 1.27%) also did well.

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Source From: Ansa

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