(Il Sole 24 Ore Radiocor) – Successful rebound for European stock exchanges, who put the difficult day before them behind them and recovered ground, in the session of 21 December, driven by purchases on oil stocks and the banking sector. Not so the day before when the lists were affected by fears related to the spread of the variant Omicron coronavirus, which still remains at the center of investors’ attention, as well as the stop of the US maxi-plan on climate and welfare “Build back better”. At Piazza Affari the FTSE MIB it thus closed with a sharp rise and is the best index on a continental level. Positive sitting also for Madrid (IBEX 35), Frankfurt (DAX 30) and Paris (CAC 40).
Wall Street rebounds after three days of selling
Wall Street also rose after the recent sell-offs due to the spread of the Omicron variant. The cautious optimism on the markets is linked to Senator Joe Manchin’s opening to discuss the “Build Back Better” spending plan with President Joe Biden again (the two spoke on the phone). On the Covid front, Biden will speak to the nation at 20:30 (Italian time) to announce some news to counter the spread of the contagion. In the first part of the session, the Dow Jones gained about 355 points (+ 1%), the S&P 500 about 42 points (+ 0.9%) and the Nasdaq reached 156 points (+ 1%).
FTSE Mib stock market trend
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In Piazza Affari at the top Saipem and UniCredit
Among the Milanese stocks with the highest capitalization, the sharply recovering oil price supported stocks in the energy sector, starting from Saipem ed Eni. Banks also did well, while the market continues to question the fate of the two main dossiers open in the sector: Bank Mps e Bca Carige. In light in particular Unicredit, Banco Bpm e Banca Pop Er. In these hours, the board of directors of the Modenese institute will evaluate which strategy to adopt on the Ligurian institute after the “no” of the Interbank Fund to the offer presented last week. On the other hand, in decline Davide Campari, Moncler e General with the entrepreneur Francesco Gaetano Caltagirone who continues to buy shares of the insurance company and has exceeded 8%.
“Global uncertainty remains high – say ActivTrades analysts – as investors struggle to assess how this new wave it will affect economies, especially at a time when the monetary policies of some countries are becoming more aggressive ». This situation, they note, provides strong support for safe havens like gold with investors still reducing their exposure to equities, “disrupting the Santa’s rally that everyone was waiting for ».
Oil on the rise, the gas rush does not stop
The Petroleum recovers part of the losses of the session of Monday 20 December, due to the acceleration of infections and the stop to the maxi-US investment plan that are at the root of the decline. Meanwhile, the analysts of Mps Capital Services underline, the gas rush that exceeds 160 euros per megawatt hour on new records does not stop after the quantity of gas in the German Mallnow station, where the Yamal Europe gas pipeline ends, has dropped to zero in the early hours of this morning according to data from the operator Gascade. A situation that would force Europe to resort to reserves in a period of low temperatures and high consumption that renewable sources cannot cope with sufficiently. They are unclear, according to analysts cited by Bloomberg, the reasons behind this reduced Russian supply in the pipeline from northwestern Siberia to Germany via Belarus and Poland.
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