September 25, 2022

Wire Service Canada

Complete Canadian News World

European stock markets rise after Powell “The Falcon”. In Milan oil stocks in the light

(Il Sole 24 Ore Radiocor) – In one wake Uncertain daytravel up European stock exchangesSetting aside, at least for now, the lack of peace in the Russia-Ukrainian war and the possibility that the Federal Reserve will act more aggressively on US interest rates to rein in inflation. The operators’ concern is to what extent Ukraine’s conflict and inflation, spurred by escalating energy prices, will slow the economy’s growth: Fitch has revised its forecasts for global GDP and eurozone growth by forecasting the latter +3% from the previous +4.5%.

Despite the good performance of Asian markets, the old continent’s indices are on the rise, as evidenced by the trend in FTSE MIB Milan CAC 40 Paris, from DAX 40 Frankfurt, from Ftse 100 from London, fromIBEX 35 Madrid andAEX Amsterdam. The Moscow Stock Exchange, which reopened on Monday after stopping on February 24, continues in the approved manner with negotiations on government bonds in which short selling is prohibited.

In the yard of Avary Jade Leonardo, the energy sector in the light

She stands out in Milan Leonardo – Finmeccanica, which will sell US subsidiary Drs Global Enterprise Solutions to SES for $450 million. Well managed savings with Mediolanum BankAnd the azimuth And the Finecobank Among the best. More money on oil, in particular Tenaris And the where are youbecause it slips Saipem Awaiting the reorganization plan scheduled for this week.

Oil continues to rise, a barrel above 110 dollars

In the wake of the rallies session, the oil rush has not stopped, while diplomatic progress on the war in Ukraine does not appear to be on the horizon, and Europe is considering imposing new sanctions on Moscow that could include a Russian oil embargo. Thus, West Texas Intermediate crude futures due in May rose 2.5% to $112.73 a barrel, after reaching more than $114, while Brent crude futures from the same maturity rose 2.6% to $118.65. Both contracts rose more than 7% in the previous session. “The market appears increasingly convinced that a stock shortage is now imminent,” said analysts at Oanda.

Gas prices moved slightly, at their lowest levels since the start of the war

Gas prices on the European market did not move much, although they remained below the threshold of 100 euros per megawatt-hour and at the levels of February 25, at the beginning of the war in Ukraine. At the start of the session, contracts ending in April traded in Amsterdam rose 0.72% to €97 per megawatt-hour. Meanwhile, in the pre-market, US natural gas futures were down 0.51%.