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Weak European stock exchanges, recession and Ukraine weigh on

2022-10-10T16:58:54.928Z


Milan closes just above par. Gas drops to 154 euros. Spread down to 228.4 points (ANSA)


Closing down for the main European stock exchanges, with the exception of Frankfurt (+ 0.01% at 12,274 points), practically unchanged.

Paris lost 0.45% to 5,840 points, London 0.43% to 6,961 points and Madrid 0.3% to 7,414 points.

Piazza Affari closed above parity at 0.06%

a session which had largely been in negative territory

with the escalation of tensions between Russia and Ukraine and the specter of recession present throughout Europe.

Between weak exchanges for 1.5 billion euros in turnover, due to the Tokyo holiday closure, the Ftse Mib index gained 0.06% to 20,912 points.

Crucial for the comeback was the indiscretion of a possible go-ahead from the Berlin government

the issue of Eurobonds to counter the energy crisis in Europe.

The spread between German BTPs and Bunds reacted immediately, which fell to 228.4 points, against 253 at the opening,

with a drop of 7.4 points to 4.615% of the Italian annual yield, compared to an increase of 14.3 points to 2.9% of the German one.

Strong purchases on Buzzi Unicem (+ 2.47%), in the wake of the jump in commodity stocks across Europe.

Utility Hera (+ 2.42%) and Banco Bpm (+ 1.88%) and Unicredit (+ 1.76%) banks also performed well.

More cautious Bper (+ 0.65%) and Intesa (+ 0.12%), negative Mps (-1.32%), on the eve of the Board meeting on the 2.5 billion euro capital increase.

Under pressure Saipem (-4.21%), Tim (-2.99%), Tenaris (--2.9%) and Stm ((-1.92%). A minus sign also for Prysmian (-1.41) %), Amplifon (-1.17%) and Moncler (-1.08%). Deboli Campari (-1.03%), Ferrari (-1%), Stellantis (-0.94%) and Atlantia (- 0.62% to 22.51 euros), below the price of 23 euros set for the 

Natural gas closing down on the Ttf in Amsterdam.

Futures contracts for the month of November lost 1.34% to 154.12 euros per MWh.

Source: ansa

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