(Il Sole 24 Ore Radiocor) – The European stock exchanges they keep pace with the positive comments on both fronts after the conclusion of the interviews among officials from Kiev and Moscow in Turkey. European equities and American futures accelerated after a reduction in military activity was announced. Abrupt price reversal Petroleum slows the rise in the price of gas while accelerating l’euro which returns to 1.11 dollars.
Abrupt U-turn for oil, slows the gas
Back to descend hastily the price of crude oil after the rises in the morning, with the positive news coming from Istanbul which eases the tension on the markets. Already in the session on the eve, prices had fallen but on fears for international demand, later the announcement of lockdown measures in Shanghai and after the UAE’s energy minister said that no country should limit production in this context where the world desperately needs it. The price of gas slows down: in Amsterdam April futures rise by 6% to 109 euros per MWh. Russia insists on paying for gas in rubles but the G7 countries are strongly opposed.
Banks and defensives up in Milan, Tim down
“The lack of appetite for Treasuries, caused by the Federal Reserve’s much more aggressive stance, benefits equity markets as cash continues to rotate from safety to risk,” say ActivTrades analysts. Carmakers are performing best so far, while volatility remains high among energy stocks as we try to gauge the impact of the current virus resurgence in China on long-term oil demand.
In Milan, among the titles, the performance of Unicreditwhich drags the sector upwards, with Intesa SanpaoloBper e Banco Bpm. In the auto sector, purchases are rewarding Stellantiswhich pushes the shareholderExore Pirelli & C, on a positive day also for Moncler, Amplifon and Nexi. Opposite sign for many stocks in the energy sector, from Saipem who pays the profits after the exploit on the eve of the eve, to Terna. Also in red Leonardo – Finmeccanica.
Assigned in six-monthly BoT auction for 5 billion, stable rate
The Treasury has assigned a half-yearly BoT auction, maturing 30-09-2022, for 5 billion, equal to the entire amount offered, against a request of 7.37 billion, for a coverage ratio of 1.47. The yield remained stable at -0.488 per cent.
–
