Stock Exchange, Europe recovers its losses. Milan earns parity
L’escalation of the voltage in Russia with recognition by the president Vladimir Putin of two self-proclaimed republics in eastern Ukraine pushes the rally on Petroleum It is on gas and purchases on‘gold.
For the European stock exchanges the session remains nervous. At mid-day they return to par, while futures on US indices that had attempted a recovery are now down by about 1%. Markets await the announcement of the sanctions of US and EU to Russiaafter the recognition of two self-proclaimed republics in Donbass and sending troops.
After a morning in red, Milan it is now at + 0.02% with the Ftse Eb which has recovered the threshold of 26 thousand points, the Dax remains weak which drops 0.12%, the other exchanges are positive with Amsterdam which stands at + 0.42%.
Investors rewarded safe haven assets in the morning however, he said ActivTrades analysts, “the significant sale of the Bags is making equity markets more affordable and attractive and if positive development comes, potentially in the form of an economic or energy deal between Russia, Ukraine and NATOcould increase investors’ appetite for risk and trigger the start of a strong bullish correction. ”
Meanwhile, i energy titles and raw materials, and the cars benefiting from the news of ongoing contacts for the IPO of Porsche (+ 13%), with Volkswagen which rises by 9%.
The raw materials related to the Russia theme run, starting from gas which jumped 12% after Germany suspended gas pipeline certificationor Nord Stream while oil sees Brent pointing to 100 dollars a barrel (97.9 after a top of 99.5%, + 2.7%).
Also up nickel, palladium and platinum, all commodities of which Russia is an important producer. Gold falls below $ 1900 an ounce, after a top at $ 1906. On the Milanese stock market, Inwit (+ 3.7%), Interpump (+ 1.8%) and Iveco (+ 1.5%) run well, oil stocks with Enat + 1.17%, also recovers 1,% Tim, down banks with Unicredit at -2.3%. On the currency, the euro rises to 1.134 dollars.
Stock market, Brent is aiming for 100 dollars a barrel
Meanwhile, the oil rushwith the Brent which points towards 100 dollars: the April maturity reached a maximum of 99.5 dollars and supports the performance of the sector also on equities (+ 1.5% the EuroStoxx). After the initial drops, the car (+ 1% EuroStoxx) with Volkswagen which leaps by 9% e Porsche SE 11% after the news of ‘advanced discussions’ for the hypo of Porsche AG. On the currency, meanwhile, the euro rose against the dollar to 1.134, while the ruble recovered from its two-year lows and returned to 79.79.
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