The war in Ukraine “It will have consequences for growth”. This was stated by European Central Bank President Christine Lagarde, speaking at the Institut Montaigne conference in Paris.
point of market European stock exchanges are floating waiting for a Wall Street launch as futures drop. On the Old Continent, Milan is on display (+ 0.7%) backed by the energy and utilities sector. Investors are focused on negotiations between Russia and Ukraine to end the armed conflict. The spotlight also focused on the central banks’ moves to counter the rush of inflation as commodities continued to rise. On the currency front, the euro was flat against the dollar at 1.1050 in London. The ruble fell against the dollar after the Moscow Stock Exchange reopened for trading in government bonds. The stoxx 600 space index moved slightly (+0.03%). There was a slight decrease in Paris and Frankfurt (-0.1%), London (+0.6%), Madrid apartment (-0.02%). The energy sector is energized (+2.3%), with the price of oil rising. West Texas Intermediate crude was at $109 per barrel (+4.4%) and Brent crude at $112 (+4.1%). Banks (+0.3%) and utilities (+0.2%) also performed well, with the recent gas price declining. In Amsterdam, prices stabilized at €100 per megawatt-hour (-4.6%). In London, the price settled at 239p per million British thermal units (-2.4%). Among other commodities, gold barely moved at 1.925 (+0.01%). Copper (-1.5%) decreased as well as nickel and aluminum. In Piazza Avary on the armor of Tenares (+ 4.7%). Eni is also doing well (+2.3%) while Saipem is bucking the trend (-0.9%). Among the facilities, A2a (+2.2%), Enel (+2%), Irene (+1.1%) and Hera (+0.8%) were ahead. In the negative sweat average (-2.6%). Positive banks and insurance companies. Unicredit (+0.8%), Banco Bpm (+0.5%), Mps (+0.7%) and Bper (+0.4%). Tonica Unipol (+ 4.4%), good for Generali (+ 0.5%).
“The decision to impose a ban on Russian oil supplies will worsen the energy balance in Europe by affecting everyone“It is impossible” for Europe at the moment to do without Russian gas, while in the case of crude oil, Russian oil companies have begun to redirect flows to the east, the Kremlin said, as reported by TASS. Russian Alexander Novak transferred via TASS.
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Borsa Italiana, Commentary of May 30, 2023 hearing
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