(Il Sole 24 Ore Radiocor) – Increase in content for the main European lists with attention to the quarterly reports of the big listed companies but also to the theme of inflation and ECB moves after the words of Vice President of Guindos which foresees the end of purchases on the market in July and subsequently the start of the rate squeeze. Shot upwards for the euro , which hangs up at $ 1.09. Paris (CAC 40), in the aftermath of the televised confrontation between the candidates for the Elysée Macron and Le Pen, is the best while London is held back by Anglo American and Antofagasta after the indications on the first quarter. In Milan the FTSE MIB it is close to parity but stands out Saipem after the quarterly.
Attention remains high on the evolution of the conflict in Ukraine: Chinese President Xi Jinping confirmed China’s position against unilateral sanctions, while Western countries have put on the table further restrictions against Russia, including sanctions on Moscow oil . Meanwhile, on the ground, Russian President Vladimir Putin announced that the Russians have taken control of Mariupol. There Moscow Stock Exchange loses half a percentage point in both the Moex index and the dollar-denominated RTS
Saipem rally after the accounts, Milan weak
Piazza Affari remains back despite the rally by Saipem thanks to the reduction in quarterly losses (-98 million from -120 million) and the 20% increase in revenues. Especially the utilities and energy infrastructure companies with Terna e A2a .
The euro revises 1.09 after de Guindos
On the currency market, the slight slowdown in the dollar in the last two sessions has brought the exchange rate against the euro to 1.09: the single currency is supported by de Guindos’ indications on the institute’s monetary policy. In the evening, the speeches of Christine Lagarde, president of the ECB, and Jerome Powell, president of the Fed, at the IMF panel are expected.
Purchases of gas and oil
On the energy market, i oil prices rose by more than one percentage point both in London (108.52 dollars per barrel in the June Brent expiry) and in New York (103.74 dollars per barrel in the June WTI expiry), while an embargo on Russian oil is in order of the day in discussions among European leaders. Natural gas in Europe marks + 0.8% to 95 euros per megawatt hour.
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