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Stock market: Europe on the rise with industry, cars and banks

2022-05-10T15:40:50.877Z


Luxury is fine, pharmaceuticals in no particular order (ANSA)  After an Asian session in decline, the main stock exchanges are up, on the 76th day of the war in Ukraine, which also sees positive contracts on US futures, while the Chamber is about to vote on a further shipment of arms to the Ukrainians and the president , Joe Biden, has scheduled a meeting on the conflict with the Italian Prime Minister, Mario Draghi. The rebound could avoid the so-called "be


 After an Asian session in decline, the main stock exchanges are up, on the 76th day of the war in Ukraine, which also sees positive contracts on US futures, while the Chamber is about to vote on a further shipment of arms to the Ukrainians and the president , Joe Biden, has scheduled a meeting on the conflict with the Italian Prime Minister, Mario Draghi.

The rebound could avoid the so-called "bear market" for the S&P on Wall Street, which fell 20% from last January's record, which brought it below the 4,000 point mark the previous day.


    In Europe, the rebound of this session sees Frankfurt (+ 1.3%) in the lead, followed by Milan (+ 1%), Paris (+ 0.8%), London and Madrid (+ 0.6%).

The BTP-Bund spread fell further to 201.8 points, with the Italian ten-year yield falling to 3.100%.

Gold rose slightly (+ 0.1%) to 1,862 dollars an ounce, after the futures had already risen during the session in Asia.

Meanwhile, crude oil (WTI + 0.5%) rose to 103.5 dollars a barrel and Brent rose to 106.2 dollars.

Natural gas futures in Europe are down with prices in Amsterdam (-2.4%) at 91.5 euros per MWh, even more in London (-6.8%) at 120 pennies per Mmbtu (thermal unit) .

Among the raw materials, a sharp drop in iron ore (-4%) to about $ 117 per ton.

ANSA agency

Gas, from tomorrow stop to the EU from entering Ukraine.

And the price goes up - World

Ukrainian transport system operator (Grid) 'due to Russian forces actions' (ANSA)


    Little moved the wheat, below the levels of the previous day, with soft wheat at $ 1,100 per unit of 5,000 bushels (bushel) (+ 0.6%) and durum wheat at 1,173 (+ 0.7%).


    The Old Continent area index, Stoxx 600, gained 1%, driven mainly by industry and consumer discretionary.

Stellantis stands out among the cars (+ 2.7%), in the luxury Lvmh (+ 1.9%).

Almost all banks are on the rise, with examples such as Bnp Paribas (+ 2.8%) and Banco Bilbao (+ 3.8%) and exceptions such as Kbc (-10.2%).

In no particular order the pharmaceuticals, with some drops, as for AstraZeneca (-0.8%), and some increases, as for Roche (+ 0.2%) and Bayer (+ 0.3%) with the accounts. 

Source: ansa

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