Stock Exchange: Europe continues positive with luxury and pharmaceuticals

Stinging on breakfast at the bar, coffee for 1.50 euros (ANSA)

(ANSA) – MILAN, JANUARY 17 – European stock exchanges continue to rise, supported by pharmaceuticals, luxury and information technology. With US markets closed for Martin Luther King day, investors are looking to the next quarterly season. Spotlights also focused on raw materials with oil rising and gas trading down. On the currency front, the euro against the dollar strengthens at 1.1426 in London.

The stoxx 600 area index increases by 0.5%. Positive in London (+ 0.7%), Paris (+ 0.65%), Frankfurt (+ 0.3%), Madrid (+ 0.4%). Energy rose (+ 0.2%), with the price of oil rising. WTI grew by 0.12% to 83.94 dollars a barrel while Brent dropped to 85.94 dollars (-0.13%).

Utilities also sat positive (-0.3%), after the decline on the eve of the moves by governments for a contribution aimed at countering the rise in energy bills. The drop in the price of gas also affects the equity sector. In Amsterdam there is a decline of 4.1% to 83.26 euros per MWh. In London, prices fell by 1.7% to 204.50 pence per Mmbtu, the British thermal unit equivalent to 28.26 cubic meters.

In the Old Continent, tourism (+ 0.4%) and airlines (+ 1%) are also on display, after the drops in recent weeks with the increase in infections of the omicron variant and the risk of new containment measures . (HANDLE).

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Source From: Ansa

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