The European stock exchanges further extend their pace with the area index, the Stoxx 600, which rises by more than 3 percentage points. The gaze is turned to Ukraine awaiting détente talks while the EU has reached an agreement on a tightening of sanctions on Russia and Belarus, Frankfurt is the best + 5%, Paris rises by 4.7% as well as Milan with the FTSE at 23,390 points. Still behind, London, which is still largely toned, earns 2 per cent.
The gaze of the lists is always directed to Ukraine while Fitch has downgraded the rating of the Russian Federation, underlining the risk of “an imminent default”. Down, therefore, the ruble which drops 15% against the dollar when the Moscow exchange market reopens, closed since last Friday. The Russian currency changes hands at 121 on the dollar. The price of gas folds back, falling by 17.5% to 177 euros Mwh in Amsterdam while in London the decline is 14% to 440 pence for a thermal unit (Mmbtu). Negotiations for nickel stopped. The stop was “a right decision,” Lme CEO Matthew Chamberlain told Bloomberg TV.
On the other hand, the price of oil still rises after the ban on imports of Russian crude oil and gas decided yesterday by the United States and Great Britain. The Texas WTI marks a + 1.37% close to $ 126 a barrel while the North Sea Brent confirms $ 130 (+ 1.6%). The spread is stable just below the 147 starting points with the Italian ten-year yield at 1.59 per cent. The decline in the price of wheat continues. The wheat is down around 3% on the 1,250 dollars for the futures contract on the equivalent of 5 thousand Bushels.