Stock market: Europe ko with rates and oil despite Wall Street. Paris and Frankfurt lost 1.4%, Milan 1.3%, London 0.9% while in New York the Nasdaq rose by 0.
9%. Bond yields are rising as investors reduce their bets on a rate cut by the Fed. In Milan, the declines are led by MPS (-3.7%), Italgas (-2.8%), Nexi (-1.8%) and Snam (- 2.8%). The only positive stocks on the Ftse Mib are Eni (+1%), driven by oil.