European stock exchanges euphoric after the start of US trading starting from Milan (+ 3.45%), driven by the ECB’s intention to proceed with a new anti-spread shield. The differential between German BTPs and Bunds settles at 212 points, with the Italian annual yield down 46.3 points to 3.699%. Madrid (+ 2.18%), Frankfurt (+ 1.9%), Paris (+ 1.85%) and London (+ 1.7%) also did well, while the US lists (Dow Jones + 1.26%) ) and Nasdaq (+ 1.77%) seem to have already absorbed the Fed rate hike from 1 to 1.5% expected in the evening. The purchases reward the banking sector, from the Italian Fineco (+ 7.55%), Intesa (+ 5.55%), Unicredit (+ 5.08%), Banco Bpm (+ 4.34%) and Bper (+4 , 23%) to Commerzbank (+ 4.63%), Santander (+ 3.7%), SocGen (+ 3.59%), Hsbc (+ 2.96%) and Bnp (+ 2.64%). The auto sector is also highlighted by Renault (+ 4.58%) to Stellantis (+ 2.95%) and Ferrari (+ 2.49%), while the energy sector suffers with Tenaris (-1.66%), Repsol (-1.15%), Bp (-0.5%) TotalEnergies (-0.35%) and Shell (-0.25%), held back by the drop in crude oil (Wti -0.82% at 118, 09 dollars a barrel). In contrast to Eni (+ 1.63%), positive Italgas (+ 1.67%) which today presented the new strategic plan 2022-2028.
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