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European stock markets nervous, recession and Ukraine weigh

2022-10-10T10:46:23.110Z


Milan down with energy and utilities. The spread between BTP and Bund opened sharply to 253 points. In Amsterdam, the price of gas drops to 152 euros (ANSA)


European stock exchanges, which opened lower, are nervous

, with investor confidence continuing to decline in October and concerns over a global economic recession.

The markets are also watching with fear the escalation of the war in Ukraine

with the reaction of Moscow to the explosion of the Crimean bridge.

Spotlights also focused on moves by central banks to curb the inflation rush.

The euro is down against the dollar at 0.9699.

The stoxx 600 area index gains 0.4%.

London (-0.6%), Paris (-0.7%), Madrid (-0.5%),

Milan (-0.2%)

are down, while Frankfurt is bucking the trend (+ 0.1%).

The lists are weighed down by information technology (-1.2%), with the US squeezing China's exports, and energy (-1.1%), with oil falling.

The WTI drops to 91.93 dollars per barrel (-0.7%) and the Brent to 97.14 dollars (-0.8%).

Utilities also fell (-1%), with gas falling.

In Amsterdam, the price of gas drops to 152 euros

per megawatt hour (-2.7%), while the EU could reach an agreement on the plan in November.

Positive cars (+ 0.1%) with Renault (+ 4.2%) talking with Nissan to strengthen the alliance.

Banks are weak (-0.1%) while Tlc are running (+ 0.9%).

Saipem slips into Piazza Affari (-4%).

The other oil-related stocks are also bad with Eni (-0.8%) and Tenaris (-1.1%).

In sharp decline Tim (-1.9%) and Prysmian (-1.6%).

Atlantia continues to decline (-0.4%) to € 22.56, below the takeover bid price set at € 23 per share.

In the main price list on Inwit shields (+ 2.1%).

Mps also did well (-1.2%), while work was being done on the capital increase, Generali (+ 1.1%) and Banca Generali (+ 0.6%). 

The spread between BTP and Bund opened this morning with a sharp rise to 253 points, compared to 249.9 points at the close on Friday.

The yield of the Italian 10-year rises to 4.72%.


Source: ansa

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