EU stock exchanges are on the rise, eyes are on Ukraine-Russia negotiations and the Federal Reserve, Tim works in Milan

EU stock exchanges are on the rise, eyes are on Ukraine-Russia negotiations and the Federal Reserve, Tim works in Milan

(Il Sole 24 Ore Radiocor) – Hopes for progress in negotiations to stop the Russian invasion of Ukraine, while the fourth round of talks between Moscow and Kiev is underway and also at the heart of the summit between representatives of the United States and China to be held in Rome, support European stock markets in the middle of the day. The European stock exchangesall show a good increase, and confirm the recorded recovery In the previous octave Despite the market context dominated by high volatility. So they are very positive FTSE MIB Milan, dated CAC 40 Paris, dated DAX 40 in FrankfurtIBEX 35 in Madrid, the Ftse 100 in London andAEX Amsterdam. Confronting Wall Streetwhich opens until next March 25 at 2:30 pm Italian time, after anticipating the entry of summer.
Therefore, the continental indices are trying to ignore the weakness of the Asian stock markets (except +0.6% in Tokyo thanks to the weak yen), which is weighed by -8% from the Chinese technology sector, which is paying the price for the new shutdown. for covid shenzhen. Sales of US Treasuries Before the Fed meeting on Wednesday, where observers expect that the central institution will begin to tighten monetary policy by raising the interest rate by 25 basis points. This brings the five-year yield above 2% for the first time since May 2019.

The Moscow Stock Exchange is closed all week

The Central Bank of Russia decided to close stock trading on the Moscow Stock Exchange for the whole week, from March 14 to 18. Instead, some sections with regulation will be opened in rubles. Regular trading in the foreign exchange and precious metals markets. The Central Bank announced that the exchange’s operating hours for the week of March 21-25 will be announced at a later time.

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Tim takes off at Piazza Afari, even the cars run well

Among the Milanese stocks with the highest capitalization, Telecom It settles on top of the main list after the board gave a mandate to President Salvatore Rossi and CEO over the weekend. Pietro Labriola to initiate a formal and an additional dialogue with Kkr compared to those already conducted informally in recent months by the consultants “to obtain information to assess the attractiveness and tangibility of a potential offer from a financial and industry point of view” and to define “a limited period and setting for conducting assertive due diligence” exclusively.” Shop on Unipol And on the automotive sector, starting with PirelliAnd the Stilants And the CNH Industrialbecause they lose height Tenaris And the where are youdue to lower oil prices.

The EUR/USD did not move a bit, and the ruble recovered a bit

In the foreign exchange market, EUR/USD moved slightly to 1.0941 from 1.0940 on Friday at the close. The yen was weak, indicating 128.83 per euro (from 128.12) and 117.75 per dollar (117.11). The ruble is recovering slightly: the Russian currency is trading at 129 for one dollar, compared to 131.5 at the close on Friday. One euro is equal to 140.78 rubles from 145.11 on Friday.

BTP/Bund spread trend

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Increased spread in an area of ​​160 points

The upside of the spread between BTp and the Bund. The yield spread between the ten-year BTp benchmark (Isin IT0005436693) and the same German maturity stands at 159 pips, versus 161 pips at the opening and higher than the 157 pips recorded on Friday at the end. at The BTp yield has also increased for ten years which recovered the 1.90% threshold and is currently trading at 1.92% from 1.87% at the previous close.

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