(Il Sole 24 Ore Radiocor) – The European stock exchanges they travel sharply upwards by exploiting the exploit of Asian lists pushed by technology stocks thanks to signals from Beijing which intervenes to provide more support to the slowing Chinese economy and which is making progress in the dialogue with the United States regarding the rules for Chinese companies listed in the United States. An indication that is causing Hong Kong’s Hang Seng index to jump about 8%, with the tech sub-index gaining more than 20% led by Alibaba and Tencent, while the Shanghai Stock Exchange compound index rises by 3. % about. So they click the FTSE MIB of Milan, on CAC 40 of Paris, on DAX 40 in Frankfurt, the Ftse 100 in London, theIBEX 35 of Madrid andAEX of Amsterdam. The Moscow Stock Exchange closed for the whole week.
The focus of the financial markets will be placed on the Federal Reservewhile investors wait for confirmation that Russia pay coupons on the interests of two sovereign bonds (maturing in 2023 and 2043) for a total of 117 million dollars: in recent days the Ministry of Finance has given a mandate to make the expected payment. The attention of the market for these deadlines must be read in the context of the «default» risk of Moscow declared by the rating agencies and the tug-of-war with Western countries over the sanctions triggered by the aggression against Ukraine.
Banks in the front row in Milan, St with tech is also doing well
In Piazza Affari in the front row the banking stocks (among the best Unicredit, Bper, Intesa Sanpaolo e Banco Bpm). It also bounces Monclersensitive to a revival of the Chinese economy. Stmicroelectronics takes advantage of the brilliant performance of tech in Asia. Outside the Ftse Mib, shares A di Easy: the group has announced a purchase and exchange offer on Mediaset Espana which provides for the issue of new A shares for the members who will join. In Madrid, Mediaset Espana opened trading down by almost 5%.
Oil is recovering, gas is down
Oil prices resume rising after the slowdown of the last seven days which brought Brent back to under $ 100 a barrel (from a top of 133) and the WTI in the area of $ 95 (from the highs of 129). Both benchmark contracts are up around 2%: in London, Brent in May is traded at 102.1 dollars a barrel, while WTI in April is at 98 dollars a barrel. Natural gas prices are down in Europe, which on the Dutch Ttf platform drops 3% to 111.95 euros per megawatt hour. Among metals, attention is paid to nickel which will return to be traded on the London Metal Exchange after the suspension from 8 March due to the strong volatility and jump in prices linked to the Ukrainian crisis. Gold prices fell to 1917 dollars an ounce.
