European stock markets continue to be cautious with the start of Wall Street and the following Fed meeting which, as expected, left rates unchanged and dampened hopes of a cut in March.
The Old Continent area index travels on parity with tech and energy holding up while the real estate sector affected by the Evergrande affair is under pressure.
Among the individual squares, Milan resists at +0.3% with the Mib-oriented Ftse at 31 thousand points.
Ferrari in the lead (+8%) with record profit.
Tim (+0.7%) is under the spotlight with the Mef which presented the offer for Sparkle within the expected time frame.
Utilities and energy are down with A2a (-3%), Hera (-2.6%), Enel (-2.3%) and Italgas (-1.8%).
For the rest, Frankfurt lost 0.11%, Paris 0.63%.
Positive, however, London (+0.16%).
The spread between BTPs and Bunds has changed little at 155 points with the yield on the Italian ten-year bond at 3.71%.
On the commodity front, oil confirms its rise (WTI +1.2% to 76.7 dollars per barrel, Brent +0.9% to 81.2 dollars per barrel) while gas drops by 3.2%, just above the 29 euros per megawatt hour.
The euro is flat at 1.0824 dollars.
Reproduction reserved © Copyright ANSA