Investors are wondering about the impacts that the Russia-Ukraine crisis could have on the economy and financial markets worldwide, while commodity prices have already taken off: natural gas jumped to over $ 126 on the Amsterdam Stock Exchange and the Brent oil flew to $ 107 a barrel. Among the stocks of the Ftse Mib only three have traveled against the trend, closing in any case below the maximums of the session, pushed by the implications of the winds of war: the energy Eni (+ 3.4%) and Terna (+ 1.82%) and the national champion of Aerospace and Defense Leonardo (+ 1.45%).
Moncler (-9.12%) and Telecom Italia (-9%) shares collapsed on the eve of the board of directors on accounts and plans while rumors circulate about a possible stop to the KKR offer. Banking stocks also peaked, with Mediobanca (-7.8%), Intesa Sanpaolo (-7.7%), UniCredit (-6.95%), Mps (-4.33%). Reduction lower than that of the list for Generali (-2.23%) following the co-option on the board of directors of Andrea Sironi, who will be proposed as future president of the Leone company on the list of the board at the meeting at the end of April.
On the government bond front, the spread between BTP and Bund yields ten years it fell to around 149 basis points, with the yield of the Italian bond at 1.42% and that of the German bond at -0.07%.
The prices of theenergy: the Petroleum trades over the 100 dollars a barrel threshold in London and the WTI at Nymex rises above 101 dollars a barrel, a level not seen since July 2014, the price of gas which is up by more than 12%.
On the foreign exchange market, the dollar strengthens oneuro, money on the Japanese yen and the Swiss franc, classic safe haven assets. The Russian ruble is making up ground against the dollar and the euro. On the market for government bonds the return of the Bund at 10 years (-0.02%) and that of BTp falls back to 1.53%. Oro up to 1924 dollars an ounce (+ 1.2%).
Confindustria: energy bill could rise to 51 billion – According to the Confindustria Study Center, the new price peaks in relation to the Ukrainian crisis could raise the energy bill of the industry to 51 billion in 2022. This is what was indicated during the General Council of Industrialists. A higher estimate than the previous one of 37 billion calculated on the effect of expensive energy before the conflict between Russia and Ukraine broke out.
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