Stock market: Europe improves, but banks and oil companies suffer

(ANSA) – MILAN, 20 JAN – The main European stock exchanges improved towards the end of the session, but London remained negative (-0.15%), while Wall Street accelerated, driven by a series of positive quarterly reports. Leading in Europe is Frankfurt (+ 0.6%), followed by Madrid (+ 0.5%) and Paris (+ 0.3%). Milan did well (+ 0.6%), with the BTP-Bund spread slightly down, to 132.7 points. Gold held back the rise (+ 0.1%) to 1,840 dollars an ounce. Oil turned positive (wti + 0.8%) at 87.6 dollars a barrel and brent at 88.9 dollars, with the EIA having released data on the increase in weekly crude oil stocks.

The Old Continent area index, Stoxx 600, gained over 0.4%, driven by utilities, information technology and real estate investments. In red, energy and finance. Many oil companies are negative, starting with Repsol (-2.9%), with exceptions such as Equinor (+ 1%). The majority of banks are still in the red, such as Lloyds (-2.3%) and Bnp Paribas (-1.9%), with exceptions such as Intesa (+ 0.6%) and Commerzbank (+ 1%). (HANDLE).

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Source From: Ansa

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