Stock market: Europe in red after Wall Street’s negative opening

In the future he will retire in Italy at the age of 71 (ANSA)

(ANSA) – MILAN, DECEMBER 09 – The main European stock exchanges remain in the red, after the declining opening of Wall Street, while in the United States unemployment claims have fallen more than expected and at their lowest since 1969, as highlighted by some analysts and inflation data is expected for the following day, which for the markets means a possible acceleration of tapering, in the event of a rise. Meanwhile, fears are growing for the spread of infections from Covid 19, with new restrictions for example in Great Britain and eyes on the new Omicron variant. In Europe, the worst square is Madrid (-0.6%), followed by London and Frankfurt (-0.3%) and Paris (-0.2%). Milan returned to positive (+ 0.1%), with the BTP-Bund spread back down below 135 points and the Italian ten-year yield at 0.99%. Calm gold (-0.4%) at 1,775 dollars an ounce.

The area index of the Old Continent, Stoxx 600, dropped 0.1%, mainly under the weight of the energy sector. Among the oil companies, Neste (-5%) and Galp (-2.9%) in particular, with crude oil down (wti -0.8%) to 71.7 dollars a barrel and brent at 75.1 dollars. On the other hand, the price of natural gas in Europe is growing, with prices in Amsterdam (+ 2.5%) at 104 euros per kWh.

The majority of banks are in red, starting with those of Northern Europe, passing through Ing (-1.8%) and Pnb Paribas (-1.4%), with exceptions such as Unicredit (+ 10%), on the day of the plan to 2024.

Cars, such as Stellantis and BMW -1%), with exceptions such as Daimler (+ 0.5%). The health sector did well, with growth among pharmaceuticals, such as those of Argenx (+ 4.3%), Merck (+ 2.3%) and AstraZeneca (+ 1%). (HANDLE).

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Source From: Ansa

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