European stock markets continue to be strong after the rising start on Wall Street. The prices of the Old Continent are driven by the first quarterly results which show an economy in the recovery phase.
The main price lists are supported by the luxury sector (+3.6%), following the results of LVMH and the recovery in sales, particularly in China. Geopolitical tensions do not have a moderate impact on raw materials. WTI falls to 84.5 dollars a barrel (-1%) and Brent to 89 dollars (-1.1%). Gas is falling by 5% and stands at 31.5 euros per megawatt hour. Government bond yields fell slightly. The spread between BTPs and Bunds drops to 142 points, with the Italian ten-year Italian rate dropping five basis points to 3.88%. Banks are in the spotlight on Piazza Affari. Popolare di Sondrio is flying (+5.4%). Also, banks are in the spotlight on Piazza Affari.