(ANSA) – MILAN, JANUARY 17 – European stock exchanges are still advancing, with investors waiting for the quarterly season to assess the ability to face risks on the horizon, between the surge in energy prices and the advance of ‘inflation. The prices rebound after the drops of the previous sessions on the wave of fears of a more aggressive monetary policy by central banks and in particular by the Fed. Markets closed in the US for Martin Luther King day. On the currency front, the euro against the dollar continues to rise to 1.1425 in London.
The stoxx 600 area index gains 0.5%. Positive in London (+ 0.6%), Paris and Madrid (+ 0.5%), Frankfurt (+ 0.4%), Milan (+ 0.4%). The price lists are supported by IT (+ 1.2%) and pharmaceuticals (+ 0.9%). Luxury also did well (+ 1.5%). Utilities rose (+ 0.3%), with the price of gas falling. In Amsterdam, trading fell by 3.7% to 83.30 euros per MWh. In London they are down 2.9% to 201.49p per Mmbtu.
Turns the drop in energy (-0.1%), with the price of oil reversing course compared to the start of the day. The WTI stands at $ 83.86 a barrel while the WTI drops to $ 85.86.
Tim slips in Piazza Affari (-2.5%), after a report by Exane Bnp Paribas which cut the recommendation to underperform from neutral with a target price of 0.31 cents. Atlantia (-1.3%), Recordati (-1.5%) and Bper (-0.9%) also fell. Tenaris (+ 2.9%) and Moncler (+ 2.1%) are on display in the main list. In light Mps (+ 1.7%). (HANDLE).
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Source From: Ansa
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