ROME – European stock exchanges optimistic on the day in which negotiations are hoped for ending the conflict in Ukrainewhile the Asian stock exchanges, with the exception of Tokyo, closed down, depressed by the new closures decided by the Chinese government to contain the pandemic. TO Piazza Affari shines Timwhich is initially stopped for excess of the rise following the offer of Kkr, and which then exceeds 7% in a few minutes when it enters trading.
After a higher opening, in the middle of the day the Bags Europeans improve further. In addition to the negotiations to end the conflict in Ukraine, all eyes are on the leadership of the Fed that will raise rates on Wednesday. In the first exchanges a London the Ftse 100 file + 0.03% at 7,156.20 points, a Paris the Cac 40 rises by 0.39% to 6,284.54 points ea Frankfurt the Dax advanced by 1.52% to 13,843.55 points.
Shortly before midday in Piazza Affari the Ftse Mib gains 2.22%, while in the rest of the Old Continent Frankfurt salt of 3.12% e Paris 2.08%. They lag behind a little London (+0,47%) e Amsterdam (+0,52%).
A Milano the Ftse Mib earns 2%. Tim flies in bag after the opening to the offer of Kkr with the board of directors who wants to see the offer of the fund that has submitted a non-binding and indicative expression of interest, before negotiating. Over 7% reaches Piazza Affari, and then settles at around 4%. Among the Milanese stocks with the highest capitalization, in addition to Tim, Bper (+ 6.03%) and Stellantis (+ 4.73%) stand out. Utilities and oil were weak, affected by the slowdown in the price of crude oil.
Very good too Mediaset-MediaforEurope, after the press rumors on the hypothesis of a new offer to acquire full control of Mediaset Espana. Mfe, according to reports from the Bloomberg agency, is currently discussing a move to acquire control of the Spanish business and then proceed with the delisting. The entire Spanish business is currently valued at around € 1.57 billion. In Piazza Affari, MfeB shares, those with one voting right each and the most corresponding to ordinary shares, grew by 4% at the end to 1.16 euros.
Air completely in Asia: Chinese markets in particular suffer from the closure of Shenzhenone of the largest cities in the country, a technology hub where giants such as Huawei e Tencent. The lockdown imposed by the government to contain the pandemic risks further blocking the global supply chains already strained by Covid.Shenzhen, a city bordering Hong Kong, also has one of the largest ports in the world. At the moment only supermarkets, agricultural markets, pharmacies, medical facilities and express delivery services are allowed to remain open.
And therefore the Bags Asia closed down except Tokyo (+ 0.58% at 25,307.85 points). In particular thud of Hong Kong with the Hang Seng index falling 4.93% to 19,541.50 points. Shanghai ends at -2.60% at 3,223.53 points.
In London there is still an alarm on raw materials: they are suspended at London Metal Exchange (Lme) nickel trading. On March 8, after the price had doubled in the Asian session to jump above $ 100,000 a ton, the bag metals market in London has decided to suspend trading to ensure an “orderly” market after “unprecedented” increases due to geo-political tensions with the war in Ukraine. The metal then stabilized at around $ 48,000 per ton. The Lme stated that it would cancel all nickel transactions that took place on March 8 and, after the restart, trading will only take place in European hours and with a 10% daily limit on price movements. Transactions that are still standing today.