Home Economy Stock market: Europe is weak, Milan is the worst (-1.2%) – Economy

Stock market: Europe is weak, Milan is the worst (-1.2%) – Economy

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Stock market: Europe is weak, Milan is the worst (-1.2%) – Economy

Eurozone inflation, ECB President Lagarde’s concern speech and contradictory signals from Ukraine Old continent stock exchanges plummeted, with Milan losing 1.2% halfway And right now, the worst of the day. Among other European lists, in an uncertain climate, Frankfurt and Madrid lost 0.8%, Paris lost 0.4% and Amsterdam 0.2%. London is still in a very slight opposite trend and is up 0.3% after the expected rate hike by the Bank of England.

The BTP-Bund spread is confirmed at around 153 basis points, with gas growing around 7% at €110 per megawatt-hour. Oil accelerated from the start, rising 5% to $100 a barrel. Early Wall Street futures contracts are uncertain. In the main list of the Milan Stock Exchange, strong sales on banks (Banco Bpm and Unicredit -5%, Intesa -4%) while Diasorin grew by 6% after calculations

Russia’s aggression against Ukraine “transferred the European economy into an uncharted territory” and “expose our collective vulnerability resulting from economic dependence on hostile actors.” European Central Bank President Christine said that Lagarde At the “ECB and its Observers” conference. “The European Central Bank stands by the people of Ukraine who have suffered from a horrific act of aggression,” he added. The war in Ukraine has unleashed new inflationary factors, and the eurozone is unlikely to return to the low levels of inflation seen before the pandemic. Conversely, medium-term inflation is likely to stabilize at the 2% target. Lagarde explained. He added that the war in Ukraine “poses significant risks to the growth” of the eurozone, and could “trigger new inflationary trends”, explaining that the conflict “cast a shadow” over Europe. The European Central Bank is ready to roll back its plans to reduce monetary stimulus, if necessary In the face of the risks posed by war, the European Central Bank remains ready to implement new tools, if necessary.

big seat for me Stock Markets in Asia PacificOr, with traders who looked at the strength of European stock exchanges and Wall Street on the eve, hoping for a solution to the conflict in Ukraine. The “toughness” of the Federal Reserve, which underlined its monetary policy program even in the context of war, was also appreciated. So Tokyo closed 3.4% higher, and the Hong Kong stock exchange continued to rise and closed the session in a fast sprint: Hang Seng finished with another jump of 7.04% to 21,501.23 points. Euphoria continues to be linked to the indications that emerged yesterday in Beijing by the Financial Stability and Development Committee, headed by Vice Premier Liu He: The government has committed to strengthening policies to stimulate markets and boost economic growth against investor fears. On the risks of the real estate sector, write-offs from abroad and put pressure on Internet companies.

Chinese listings are more cautious: Shanghai is growing 1.3% and Shenzhen is 2.1%. In the same vein, the Seoul Stock Exchange, which concluded with the general index, rose 1.3%, and the “technological” Kosdaq index rose 2.5%. The closing of the Sydney Stock Exchange was up 1 percentage point, as many stocks were listed that can predict the performance of their sectors in Europe. Futures contracts to start stock markets on the old continent around parity.

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