Toned Bags with Wall Street
European stocks are buoyant after Wall Street kicks off, with investors eyeing the economy. On the markets, the issue of monetary policy by central banks to curb the race in prices is the focus. On the currency front, the euro rose to 1.0585 against the dollar.
The Stoxx 600 area index gains 1.2%. Good performance in Paris and Milan (+1.7%). Purchases also for Frankfurt (+1.5%), Madrid (+1.3%) and London (+0.5%). Government bond yields rose slightly with the ten-year BTP rising to 4.4% (+3 basis points). At the highest level since July 2011, the German Bund stands at 2.57%.
The price lists of the Old Continent are supported by the positive trend of the automotive (+1.7%) and luxury (+2.2%) sectors. Information technology also did well (+1.8%). The rise in interest rates pushes the banks (+1.7%), with the prospect of higher revenues. Energy also rose (+1%), with oil in sharp decline. The WTI drops by 1.3% to 75.31 dollars a barrel. Brent fell by 1.2% to 82.11 dollars. Utilities performed well (+0.7%), with the price of gas below 50 euros per megawatt hour. In Amsterdam, prices fell by 3.6% to 49.15 euros per megawatt hour. In Piazza Affari on Unicredit shields (+4.7%). Mps (+3.9%, Banco Bpm (+2.5%), Bper (+2.3%) and Intesa (+1.8%) are also doing well Nexi and Pirelli (+2.8%). Down session for Saipem (-2%), waiting for the accounts, Erg flat (-0.07%).
