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Stock market: Europe little moved, US futures positive, Milan +0.2% - Breaking news

2024-03-27T13:25:12.257Z

Highlights: Main European stock markets are picking up pace compared to a rather cautious morning. Consumer confidence in the Eurozone in line with estimates. US futures are positive following mortgage applications falling less. The spread between BTPs and German 10-year Bunds increased to 131 points. The Italian annual yield dropped 3.4 points to 3.61% compared to 4.8 points less than the German one at 2.3%. The prices of crude oil (WTI -0.7% to 81.05 dollars per barrel) and gas (-0.49% to 27 euros per MWh) fell.


The main European stock markets are picking up pace compared to a rather cautious morning, with consumer confidence in the Eurozone in line with estimates. The best is Madrid (+0.75%), followed by Frankfurt (+0.51%), Paris (+0.38%), and Milan (+0.2%). (HANDLE)


The main European stock markets are picking up pace compared to a rather cautious morning, with consumer confidence in the Eurozone in line with estimates.

The best is Madrid (+0.75%), followed by Frankfurt (+0.51%), Paris (+0.38%), and Milan (+0.2%).

Only London fell (-0.44%).


    US futures are positive following mortgage applications falling less (-0.7%) compared to the previous week (-1.8%) and awaiting weekly crude oil inventories.


    The spread between BTPs and German 10-year Bunds increased to 131 points, while the Italian annual yield dropped 3.4 points to 3.61% compared to 4.8 points less than the German one at 2.3%.

The prices of crude oil (WTI -0.7% to 81.05 dollars per barrel) and gas (-0.49% to 27 euros per MWh) fell.

Gold halved the decline (-0.3% to 2,187 dollars an ounce), while steel remained weak (-1.32% to 3,502 dollars a ton).

The dollar rises above 0.92 euros and 0.79 pounds, while it falls to 151.27 yen.


    The drop in crude oil slows down oil companies BP (-1.55%) and Shell (-1.3%), while Eni (-0.26%) and TotalEnergies (-0.06%) have made little move.

Cedea London HSBC (-2.26%), penalized by the cut in the recommendation to 'equal weight' by Barclays analysts.

A minus sign also for Standard Chartered (-1.9%).

In Paris, Credit Agricole eliminates the decline (-0.03%), while in PiazzaAffari Bper (-1.19%), Bps (-0.7%), Mps (-0.35%), rather nervous in the aftermath of the sale of a further block of shares by the Treasury, Unicredit (-0.25%) and Intesa (+0.45%).


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Source: ansa

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