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Stock market: Europe confirms increases with luxury and banks, Milan +0.7% - Breaking news

2024-01-18T16:46:56.551Z

Highlights: Stock market: Europe confirms increases with luxury and banks, Milan +0.7% - Breaking news. Paris gains 1.04%, Milan 0.7%, Frankfurt 0.65%, London 0.2% and Madrid 0.1%. The spread between German 10-year BTPs and Bunds rises to 157 points, with the Italian annual yield falling by 0.6 points to 3.9% and the German one growing by 3.2 points to 2.33%. Crude oil is rising (WTI +1.12% to 73.37 dollars per barrel) after the decline in US weekly stocks.


European stock markets were positive at the end despite the US indices being mixed after macro data that was only partly better than expected. Paris gains 1.04%, Milan 0.7%, Frankfurt 0.65%, London 0.2% and Madrid 0.1%. (HANDLE)


European stock markets were positive at the end, even with US indices mixed after macro data that was only partly better than expected.


    Paris gains 1.04%, Milan 0.7%, Frankfurt 0.65%, London 0.2% and Madrid 0.1%.

The spread between German 10-year BTPs and Bunds rises to 157 points, with the Italian annual yield falling by 0.6 points to 3.9% and the German one growing by 3.2 points to 2.33%.

Crude oil is rising (WTI +1.12% to 73.37 dollars per barrel) after the decline in US weekly stocks, while gas (+1.36% to 28.09 euros per MWh) is driven by estimates on storage for the next winter, with the obstacle of tensions on the Red Sea.


    Luxury stocks are in the spotlight after Richemont's quarterly accounts (+10.77%), which also push LVMH (+2.43%), Moncler (+0.94%) and Cucinelli (+0.71%).

All eyes are on the banks on the possibility of risk.

The topic of the day is Popolare Sondrio (+3%), with the denial of purchases by Andrea Orcel, CEO of Unicredit (+2.63%).

Bper runs (+3.9%), which shares its shareholder Unipol with Sondrio (i+0.04), Banco Bpm (+1.5%) and Intesa (+0.95%) are more cautious, while Mps is weak (+0.06%).

In the rest of Europe, Commerzbank (+2.59%), at the center of aggregation hypotheses, Sabadell (+2.5%) and SocGen (+1.33%) are running.


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Source: ansa

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