Stock market: Europe in decline with the rush of oil, Milan -1%

European stock markets fall ahead of the start of Wall Street where futures are mixed. The markets are feeling the effects of the rise in oil and gas prices, with fears of a new flare-up in inflation and the consequent intervention of central banks. Government bond yields changed little, the euro remained stable against the dollar.

The Stoxx 600 index lost 0.6%. Milan (-1%), Paris and Frankfurt (-0.8%), Madrid (-0.5%) and London (-0.6%) are decreasing. The main price lists are weighed down by the technology sector (-2%). Finance was also bad with banks (-1.3%) and insurance companies (-0.1%). Utilities rose slightly (+0.4%), with gas increasing. In Amsterdam, prices increased by 1.7% to 89.49 euros per megawatt hour. Energy rises (+0.6%), with the rise in crude oil. The WTI grows by 5.2% to 109.08 dollars a barrel and Brent stands at 111.31 dollars (+1.6%).

On government bonds, the spread between BTPs and Bunds rises to 115 points, with the yield on the Italian ten-year bond at 4.58%. Leap in the differentiation between the French and German ten-year bonds reaching 153 basis points.

In Piazza Affari, Prysmian (-3.9%) and STM (-3.2%) slipped.

The banks performed badly with Banco Bpm (-2.6%), Bper and Unicredit (-2%), Intesa (-1.9%), Mps (-1.3%). Eni (+1.4%) and Enel (+1.2%) shine. Thud for The Italian Sea Group (-21%) and Sanlorenzo (-5.5%).