(Il Sole 24 Ore Radiocor Plus) – Dominates a certain nervousness about European markets, with the indices moving in contrast with sudden changes of direction, while oil and gas continue to run. The main continental indexes proceed in no particular order: in Piazza Affari, the FTSE MIB is quite in line with the CAC 40 of Paris andAEX of Amsterdam, when the DAX 40 of Frankfurt andIBEX 35 of Madrid. A comfort factor for the markets is the close of Wall Street, where in yesterday’s session, Wednesday, March 2, the Dow Jones gained 1.79%, the S&P 500 1.86%, the Nasdaq Composite the highest. 1.62%. The US indices were boosted by the statements of the president of the Federal Reserve, Jerome Powell: The banker said a 25 basis point increase in the cost of money would be appropriate in March and not 50 basis points as feared by the markets, reflecting the geopolitical uncertainty that arose after the Russian attack on Ukraine. Investors are obviously keeping a close eye on the situation in Eastern Europe. Above all, the results of the second round of talks between the Russian and Ukrainian delegations are expected.
FTSE Mib stock market trend
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Spread BTp / Bund opens higher at 153 points
The spread between BTp and Bund opens the session with a slight increase compared to yesterday’s close, on the MTS secondary market of European government bonds. The yield differential between the ten-year benchmark BTp (Isin IT0005436693) and the same German duration opens at 153 basis points from the 151 basis points of the last reference yesterday. The yield of the ten-year benchmark BTp also rose, indicated at 1.55% from 1.54% at the closing on the eve of the day.
BTP / Bund spread trend
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In Piazza Affari, Tim is down after accounts and plans
In Piazza Affari after not being able to price the shares for a long time (due to excess of a fall) Telecom Italia they marked a sharp decline, following the approval of the 2021 accounts and the industrial plan by the board of directors. Leonardo, after a 5% decrease, is trading on the eve of values. Shares in the oil sector continue to run, driven by the rise in crude oil: the April delivery contract on the WTI is above 115 dollars a barrel and the one on the North Sea Brent expiring in May is above 118 dollars a barrel. I am so in good progress Eni, Saipem e Tenaris.
Euro stable at 1.10 dollars, gas rising
On the exchange rate, the euro changes hands at 1.1095 (yesterday at $ 1.1091) and at 128.41 yen (128.259), while the dollar / yen ratio is at 115.71 (115.642). The price of gas continues to rise sharply, widening the progress compared to the early morning. Gas futures traded in the Netherlands with maturity in April are progressing by 13.46% to 187.8 euros per MWh.
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