The
Milan Stock Exchange
closed higher.
The latest Ftse Mib index gains 3.05% to 21,558 points.
The European stock exchanges closed with a sharp rise after the minutes of the June meetings of the Fed and the ECB.
The markets, in particular, are looking with optimism at the stabilization of the oil price and the measures indicated by the Fed to contain inflation in the US.
The stoxx 600 area index gains 1.88%.
Positive Frankfurt (+ 1.97%), Madrid (+ 2.19%), Paris (+ 1.6%), London (+ 1.14%).
Strong
upside for gas
on the square in Amsterdam.
Futurs contracts for the month of August gained 7.13% to 183.18 euros per MWh.
The spread between BTP and Bund
German closed up at 198 basis points, compared to 194 points at yesterday's close and after hitting 202 points during the day.
The yield on the Italian 10-year period also rose to 3.29%, compared to 3.14% on the eve of the year.
Volatility in financial markets "is high by historical standards", reflecting the "persistence of high inflation for longer" than expected and "uncertainty" about the size and pace of the monetary policy adjustment. Isabel Schnabel, member of the board of the ECB, during the meeting on 9 June.
But despite the high volatility, "neither the sovereign nor corporate markets have seen excessive movements."
Only some spreads increased: "They increased more in Italy and Greece, where the debt / GDP ratio is higher", while "they increased less in Spain and Portugal".
