EU stock exchanges volatile with Ukraine-Russia negotiations stalled. Tim is still down in Milan

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(Il Sole 24 Ore Radiocor) – After the earnings of the last weekthe Stock Exchanges from the Old Continent are very nervous, with extremely volatile indices, while in Ukraine the negotiation for a ceasefire fails to take off and, indeed, after the massacre of civilians in Bucha, the European Union is ready to launch the fifth round of sanctions against Fly. This while in the EU there is talk of an embargo on Russian oil and possible stops on the import of gas from Moscow.
After the first positive minutes, the indices turned negative and then regained ground, with continuous changes of direction. The FTSE MIB of Milan, fresh from four weeks in a row of increases, is around par. They also move at a slow pace DAX 40 in Frankfurt, after the data on the trade balance surplus, above expectations but down compared to a year ago, the CAC 40 in Paris, the Ftse 100 in London, theIBEX 35 of Madrid andAEX in Amsterdam. Wall Street is also weak in a week that has no key macro appointments.

Moscow stock market rises, the ruble strengthens again

The Moscow Stock Exchange, where trading now takes place without major restrictions until 18.50 (17.50 in Italy), starts the week up. Moex, the benchmark index denominated in rubles, rose by 0.73%, after a start to the day that was up by more than one point. The dollar-denominated RTS index rose by 0.6%. On the currency front, the ruble, which in the previous octave had recovered ground both on the single currency and on the greenback, returns to rise by 1.36% against the euro and by 1.17% against the dollar, after the start of the session slightly down. The euro / ruble exchange rate is 93.51 and the dollar / ruble exchange rate is 84.25.

Wall Street slow, eyes on T-Bond yields

Little movement on Wall Street, after a positive week. US Treasuries remain under observation due to the reversal of the yield curve, which often anticipates a recession. For the third consecutive session, the 2-year yield is higher than the 10-year bond, which has not occurred since 2019. At this point, investors are increasingly convinced that the Federal Reserve will be more aggressive on rate hikes. of interest to combat inflation, which last week was confirmed at the highest levels of the last 40 years.

In Milan, eyes on Tim and Generali, take Ferrari

At Piazza Affari, eyes on Telecom Italia – with Kkr now more and more secluded on the OPA front – and up General, in rallies from several sessions in view of the April 29 assembly for the renewal of the board of directors. Shoot Ferrarinow firmly above 200 euros per share, e Moncler, both rewarded by the good performance of the luxury sector. Sales on Interpump Group e Saipemwhile Snam Rete Gas it travels against the trend compared to utilities after the formalization of the change at the top. In evidence, however, Amplifon, A2a, Enel e Leonardo . Among the minor titles the Roma rebounds after Sunday’s victory that propels her alone to fifth place in the Serie A standings and close to the Champions League.