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Piazza Affari decline without panic. Oil rises slowly

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Piazza Affari decline without panic.  Oil rises slowly

by Verità&Affari editorial team

Fears linked to the escalation of the war in the Middle East return to world markets after Israel’s attack (whose rating S&P has just cut) against Iran, with fears over a possible stop to global oil supplies multiply. After the rain of sales on the Asian markets, with Tokyo (-2.6%) recording the worst session in the last three years, now it’s the turn of the European ones, even if the futures had initially raised fears of an even worse start.

The Milan Stock Exchange – also awaiting the S&P verdict, expected this evening, on the Italian rating – drops 0.8% followed by from London (-0.6%), Paris (-0.7%), Frankfurt (-1%) and Madrid (-0.9%). Added to the geopolitical tensions in these hours are the indications on rates coming from Fed officials who are now talking about a possible cut “only towards the end of the year”, while on the ECB front on the eve of the governor of Bank of Italy, Fabio Panetta, reiterated that “in June we may bring about some changes in the level of rates” which will become “less restrictive”.

In Piazza Affari sales on oil companies such as Saipem (-3%) and Tenaris (-1.7%) and also the car with Stellantis (-1.8%). The banks did poorly, from Mps (-1.4%) to Popolare di Sondrio (-1.3%). The tech sector is down with St (-1.3%). The only stock to remain positive on the main list is Amplifon (+0.3%).

This article has been prepared for informational purposes only and does not constitute consultancy or solicitation to buy or sell financial instruments. The information reported is in the public domain, but may be subject to change at any time after publication. We therefore decline any responsibility and remember that any financial transaction is carried out at your own risk.

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