(Il Sole 24 Ore Radiocor) – In the aftermath of one uncertain daytravel upwards European stock exchanges, putting aside, at least for the moment, the lack of peace in the Russian-Ukrainian war and the possibility that the Federal Reserve will act more aggressively on US interest rates to curb inflation. The concern of operators is how much the Ukrainian conflict and inflation, pushed by the flare up of energy prices, will slow down the growth of the economy: Fitch has revised its growth forecasts for world GDP and the Eurozone downwards, forecasting for the latter + 3% from the previous + 4.5%.
Despite the good performance of the Asian markets, the indexes of the Old Continent are on the rise, as shown by the trend in FTSE MIB of Milan, of CAC 40 of Paris, of DAX 40 of Frankfurt, of the Ftse 100 of London, of theIBEX 35 of Madrid andAEX of Amsterdam. The Moscow Stock Exchange, which reopened on Monday after the stop on 24 February, continues in the manner adopted with the negotiations on government bonds on which short selling is prohibited.
In Piazza Affari good Leonardo, the energy sector in light
In Milan it stands out Leonardo – Finmeccanica, which will sell the US subsidiary Drs’ Global Enterprise Solutions business to SES for $ 450 million. Well managed savings with Mediolanum Bank, Azimut e Finecobank among the best. More money on oil, in particular Tenaris ed Enias it slips Saipem awaiting the reorganization plan scheduled for this week.
Oil continues to run, barrel above 110 dollars
In the aftermath of a session of strong rises, the oil rush does not stop, while diplomatic progress on the war in Ukraine does not seem to be on the horizon and Europe is considering new sanctions on Moscow that could include an embargo on Russian oil. Thus WTI futures maturing in May rose by 2.5% to $ 112.73 a barrel, after reaching over $ 114, while Brent futures of the same maturity rose by 2.6% to $ 118.65. Both contracts gained more than 7% in the previous session. “The market seems increasingly convinced that a shortage of stocks is now around the corner,” said analysts at Oanda.
Gas prices slightly moved, at lows since the beginning of the war
Gas prices on the European market did not move very much, although they remained below the threshold of 100 euros per megawatt hour and at the levels of 25 February, at the beginning of the war in Ukraine. At the start of the session, the contracts expiring in April traded in Amsterdam rose by 0.72% to 97 euros per megawatt hour. Meanwhile, in the premarket, US natural gas futures are down 0.51%.
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