(Il Sole 24 Ore Radiocor) – The European stock exchanges start the week on the right foot: the prices, generally up, try to confirm the recovery recorded the previous octave despite a market context dominated by the high volatility linked to the Russian invasion of Ukraine. So are positive the FTSE MIB of Milan, on CAC 40 of Paris, on DAX 40 in Frankfurt, theIBEX 35 in Madrid, the Ftse 100 in London andAEX of Amsterdam. Future on the rise also on Wall Street where the start of the session will be brought forward to 14.30 Italian time for the transition to summer time.
Investors continue to closely monitor theprogress of negotiations between Moscow and Kiev, while a summit between the US and China is expected in Rome today. The continental indices will therefore try to ignore the weakness of the Asian stock exchanges (with the exception of + 0.6% in Tokyo thanks to the weakness of the yen), ballasted by the -8% of the Chinese technology sector, which is paying for the new lockdown for Covid a Shenzhen. Sales on US treasuries ahead of Wednesday’s Fed summit ì, in which observers predict that the central bank will initiate the tightening of monetary policy with a rate hike of 25 basis points. The five-year yield thus rose above 2% for the first time since May 2019.
Moscow Exchange is closed all week
The Russian Central Bank has decided that equity trading on the Moscow Exchange will be closed for the whole week, from 14 to 18 March. Instead, some sections with regulation in rubles will be opened. Normal trading for the foreign exchange and precious metals markets. The stock exchange hours for the week of March 21-25, the central bank announces, will be announced later.
At Piazza Affari Tim takes off, even the cars are doing well
Among the Milanese stocks with the highest capitalization, Telecom snaps to the top of the main list after the board of directors gave a mandate to the president Salvatore Rossi and the CEO over the weekend. Pietro Labriola to initiate a formal and further dialogue with Kkr compared to those already undertaken informally in recent months by the consultants to “obtain information to evaluate the attractiveness and concreteness of the potential offer from a financial and industrial point of view” and define “A limited period and perimeter for carrying out an exclusively confirmatory due diligence”. Shop on Unipol and on the car sector, starting from Pirelli, Stellantis e Industrial licenseas they lose altitude Tenaris ed Eniheld back by the drop in the price of oil.
The euro / dollar was little moved, the ruble recovered slightly
On the foreign exchange market, the euro / dollar moved slightly to 1.0941 from 1.0940 on Friday at the close. The yen was weak, indicated at 128.83 for one euro (from 128.12) and 117.75 for one dollar (117.11). Ruble slightly recovering: the Russian currency is trading at 129 for one dollar, compared to 131.5 at the close on Friday. One euro is also worth 140.78 rubles from 145.11 on Friday.
