While Wall Street lost ground, with the Nasdaq falling by 2%, European stock markets closed positively. Milan was up by 1.25%, with a weekly increase of 0.80%. London was just above the par, Paris up by 1%, and Frankfurt up by 0.68%. At Piazza Affari, banks and industrial companies were in the spotlight, with Stellantis up by 2.06%, Stm by 2.22%, Eni by 1.98%, Unicredit and Banco Bpm by 1.6%. However, Amplifon declined by 2.7%. The price of gas continued to rise to 47.8 euros per mwH, while oil reached 73.6 dollars per barrel. The Btp Bund spread was at 115 basis points, and the yield on the ten-year bond rose to 3.53%, the highest in a month.
Among the various European stock markets, only Wall Street experienced a decline, with the Nasdaq falling by 2%. However, the situation was different in Europe, with Milan recording a significant increase of 1.25% and a weekly rise of 0.80%. London closed just above the par, Paris was up by 1%, and Frankfurt by 0.68%. At Piazza Affari, the focus was on the banking and industrial sectors, with companies like Stellantis, Stm, Eni, Unicredit, and Banco Bpm all showing positive gains. However, Amplifon was an exception, with a decline of 2.7%. The prices of gas and oil also saw an upward trend, with gas reaching 47.8 euros per mwH and oil hitting 73.6 dollars per barrel. The spread between Btp and German Bunds stood at 115 basis points, and the yield on the ten-year bond rose to 3.53%, the highest level in a month.
The positive performance of European stock markets seemed to contrast with the situation on Wall Street, where there was a decline. While the Nasdaq fell by 2%, European markets, including Milan, London, Paris, and Frankfurt, closed with gains. At Piazza Affari, the bullish trend was driven by the banking and industrial sectors, with companies like Stellantis, Stm, Eni, Unicredit, and Banco Bpm all recording positive figures. Only Amplifon experienced a decline. Additionally, the prices of gas and oil continued to rise, with gas at 47.8 euros per mwH and oil at 73.6 dollars per barrel. The spread between Btp and German Bunds stood at 115 basis points, and the yield on the ten-year bond rose to 3.53%, the highest level in a month.
The global financial markets appeared to be witnessing a mixed scenario, with Wall Street experiencing a decline while European markets closed positively. Milan, in particular, saw a significant increase of 1.25% and a weekly rise of 0.80%. London, Paris, and Frankfurt also ended the day with gains. At Piazza Affari, the positive trend was driven by the banking and industrial sectors, with Stellantis, Stm, Eni, Unicredit, and Banco Bpm all showing positive gains. Amplifon was the only exception, with a decline of 2.7%. Meanwhile, the prices of gas and oil continued to rise, with gas reaching 47.8 euros per mwH and oil at 73.6 dollars per barrel. The spread between Btp and German Bunds stood at 115 basis points, and the yield on the ten-year bond rose to 3.53%, marking the highest level in a month.
The ongoing rise in gas and oil prices had significant implications for the global energy market. Gas prices had surged to 47.8 euros per mwH, reflecting an increase in demand and possible supply constraints. Similarly, oil prices had reached 73.6 dollars per barrel, driven by various factors such as geopolitical tensions and supply disruptions. These developments had a direct impact on the stock market, contributing to the positive performance of energy companies such as Eni. Additionally, the spread between Italian Btp bonds and German Bunds stood at 115 basis points, indicating a certain level of risk in the Italian financial market. The yield on the Italian ten-year bond also rose to 3.53%, the highest in a month, suggesting potential concerns among investors about the Italian economy.
Overall, the financial market dynamics were characterized by contrasting trends between Wall Street and European stock markets. While Wall Street experienced a decline, European markets like Milan, London, Paris, and Frankfurt closed positively, driven by gains in the banking and industrial sectors. The rise in gas and oil prices also played a significant role in shaping market sentiment, reflecting global energy market trends and potential supply constraints. The divergence in performance between Wall Street and European markets highlighted the complex interplay of factors influencing the financial landscape, ranging from geopolitical tensions to supply-demand dynamics. These trends underscored the importance of staying informed and adaptable in navigating the ever-changing financial markets.
