EU stock exchanges ahead positive, yields on BTPs rise
European stocks continue to rise as investors look to the next moves of central banks after US inflation slowed. Attention is also focused on the quarterly results which are currently positive. On the currency front, the euro was up against the dollar at 1.0260 in London.
The Stoxx 600 area index gains 0.7%. Well Paris (+1.2%), Frankfurt (+0.7%), London (+0.3%) and Madrid (+0.2%). The price lists are supported by the car (+1.8%) and information technology (+2%). Banks (+0.3%) and insurance companies (+0.7%) rose without much momentum. Utilities performed well (+0.6%), while the price of gas continues to fall thanks also to the mild climate which leads to not reducing stocks. In Amsterdam the price drops to 103 euros per megawatt hour, with a drop of 8.3%. The energy sector did not move much (-0.08%) with oil registering a clear increase. Wti rose by 2.5% to 88.67 dollars a barrel and Brent to 95.92 dollars (+2.4%).
Upside session for government bonds. The spread between Btp and Bund continues at 200 basis points, with the yield on the Italian ten-year bond rising to 4.04% (+6 basis points). Ten-year Spanish rates also increased to 3.06% (+5 points) and the Greek one to 4.42% (+2 points).