Stock Exchange: Europe improves with Wall Street, Milan + 0.3%

Stock Exchange: Europe improves with Wall Street, Milan + 0.3%
Stock Exchange: Europe improves with Wall Street, Milan + 0.3%

(ANSA) – MILAN, 11 JUN – The main European stock exchanges are picking up pace in the wake of the US indices which are confirmed at their highest levels at pre-Covid levels. Milan accelerates (+ 0.3%) and moves above the 25,700 points threshold which it had not touched since September 2008. Paris (+ 0.87%), Frankfurt and Madrid (both + 0.7%) and London did well. (+ 0.67%). Purchases are concentrated on Renault cars (+ 6%), at the latest in the last 3 months, driven by expectations for the conference on June 30th, during which the Group will illustrate its strategy on the electric sector. Followed by Valeo (+ 3.21%), BMW (+ 1.7%), Volkswagen (+ 1.65%), Daimler (+ 1.4%) and Stellantis (+ 0.73%). The luxury sector also performed well with Essilux (+ 2.1%), after the green light of the Turkish Antitrust for the acquisition of GrandVision, Lvmh (+ 1.57%) and Adidas (+ 1.5%). Crude oil above $ 70 per barrel supports TotalEneries (+ 0.83%), Shell (+ 0.65%) and Eni (+ 0.5%), while Saipem (+ 0.83%) is driven by a new contract in Brazil for PetroBras. In a favorable post-pandemic climate and oblivious to rising inflation, seen as a temporary phenomenon, banks are holding back, which are partly the object of profit taking. This is the case of the Italian companies Intesa (-0.7%), Bper (-0.44%), Banco Bpm (-0.4%) and Unicredit (-0.37%), despite the decrease in the spread between BTPs. and German Bund at 102.2 points. Hsbc (-0.55), Santander (-0.54%) and Commerzbank (-1.96%) also fell. The microprocessor producers Soitec (+ 2.5%), Stm (+ 1.35%), on the day of the Italian-French industrial summit, and Infineon (+ 0.92%) did well. In the pharmaceutical field, Grifols makes a bang (+ 8.31%) after the stop of a project by the American rival Vertex (-8.48% in New York). Well in Piazza Affari Diasorin (+ 2.89%) (ANSA).

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Stock Exchange Europe improves Wall Street Milan

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