Stock Exchange: Europe on the shields behind Wall Street, Milan + 2.2%

Usa, CEO fires 900 employees via Zoom (ANSA)

(ANSA) – MILAN, 07 DEC – Further shot of the main European stock exchanges, in the wake of the trend of the US price lists, with the Dow Jones index up by 1.2% and the Nasdaq by 2.47%.

Paris (+ 2.57%) is confirmed in the lead, followed by Frankfurt (+ 2.32%), Milan (+ 2.17%), London (+ 1.4%) and Madrid (+ 1.09%) . A race led by microprocessor manufacturers Asm International (+ 6.79%),, Asml (+ 5.87%), Stm (+ 5.2%) and Infineon (+ 5.1%). Stellantis jumped (+ 3.87%) after the agreement with Foxconn to design and sell new flexible semiconductors for the automotive sector. Ferrari (+ 2%), Renault (+ 1.8%) and Daimler (+ 1%) are more cautious. The luxury sector is also highlighted, based on the hypothesis of new stimulus to the economy by the Chinese Central Bank. Moncler earns over 4%, in line with Lvmh (+ 4.22%), Richemont (+ 4.33%) and Kering (+ 4.82%). The new rise in crude oil (WTI + 3% to 71.59 dollars a barrel) pending US weekly stocks according to the API pushes Eni (+ 2.26%). TotalEnergies (+ 1.51%), Bp (+ 1.13%) and Shell (+ 0.9%) are more cautious. The spread between BTPs and German Bunds rose further to 128.6 points, with the annual yield on ten-year bonds growing by 3.2 basis points to 0.907%. Benefits were Unicredit (+ 2.68%), Intesa (+ 2.24%) and Banco Bpm (+ 2%). Mps (+ 0.87%) and Bper (+ 0.74%) are more cautious. Lloyds (+ 2.85%), Bbva (+ 2.08%) and Bnp (+ 1.87%) were also positive. (HANDLE).

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Source From: Ansa

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