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Bags: Milan pink jersey in Europe

2022-09-26T11:34:54.010Z


Well the banks, down the energy. The spread between BTP-Bund at 239 (ANSA)


Spotlights on Piazza Affari after the outcome of the political elections.

The Milan stock exchange (+ 0.5%) continues the session up, after the political elections and in contrast with the main European lists.

Tim (+ 4.1%) runs in Piazza Affari, one of the hot dossiers on the table of the next government.

The spread between BTP and Bund rises to 239 points

, with the Italian ten-year yield at 4.46% (+14 basis points), in line with the trend in rates in Europe.

In light of the banks with Fineco (+ 4.4%).

Intesa (+ 1%), Unicredit (+ 0.9%), Bper (+ 0.8%) and Banco Bpm (+ 0.5%) also did well.

Mps has not yet managed to enter the exchanges with the grouping of the shares.

The car sector also performed well with Iveco (+ 1.8%), Stellantis (+ 1.5%) and Cnh (+ 1.7%).

Utilities and energy are down.

At the bottom of the list Enel (-2.3%), Eni (-1.7%), Hera (-1%) and A2a (-0.4%).

The European stock exchanges turn down

, in a session marked by volatility.

Tension on government bonds is not easing while the next moves by central banks are awaited to cool the price rush.

On the markets, fears of a global recession remain with commodities in significant decline.

The stoxx 600 area index fell 1%, ahead of the launch of Wall Street where futures are down.

In the red Madrid (-1.1%), London (-0.8%), Paris (-0.6%) and Frankfurt (-0.5%).

On the currency front, the euro continues to decline against the dollar at 0.9641.

The pound sterling is also down, falling to historic lows, while looking at the next moves by the Bank of England which has announced an increase in interest rates.

On the government bond front, the ten-year yield rose to 4.1% (+29 basis points).

On the equity front, the lists are weighed down by utilities (-1.9%), with gas in sharp decline.

In Amsterdam, the price dropped to 169 per megawatt hour.

Energy was also down (-0.9%), with oil falling.

The WTI drops to 78.3 dollars a barrel (-0.5%).

In the old continent, banks and insurance companies also suffer (-1.9%).

They keep cars (+ 0.2%) with technology (+ 1.1%).

Source: ansa

All life articles on 2022-09-26

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