The lists of the Old Continent recover 464 billion
A day of redemption for the European stock exchanges, which look with hope at the negotiations between Moscow and Kiev and are also helped by the slowdown in energy prices after the recent rally. The belief that the current stock market prices, following the collapses of recent weeks, already reflect the impact of the economic sanctions imposed on Russia following the invasion of Ukraine has in fact pushed investors to take a new position on equities, rewarding in particular the titles that had suffered most in recent days.
In view of tomorrow’s meeting in Turkey between the foreign ministers of Russia and Ukraine, Sergey Lavrov and Dmytro Kuleba, the Ftse Mib ended the day up by 6.94% in Piazza Affari, scoring the third best performance of the index from 2018 to today.
Among the main Milanese stocks, UniCredit jumped 11.68% after providing the details of the exposure in Moscow and reassuring the market on the sustainability of the dividend and buyback announced even in the event of a full devaluation of the Russian asst.
Stellantis (+ 12.28%) and Intesa Sanpaolo (+ 11.09%) also did well, while profit-taking hit energy and defense stocks: Tenaris lost 5.53% and Saipem 1.44 %. On the foreign exchange market, the euro fell again to $ 1.0859 from $ 1.0887 closing yesterday. The single European currency is also worth 128.35 yen (from 126.03), while the dollar / yen ratio is 115.78 (115.67). Dollar / ruble at 120. The price of oil falls after recent records: the April WTI futures drop 3.43% to $ 119.46 a barrel, while the May delivery on Brent drops 4.02% to 122 , $ 81.
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