Stock market: positive Europe awaits the ECB, Milan -0.3% with the banks

The European stock markets remain positive, with the only exception of Milan (FTSE MIB -0.3%), weighed down by the banks, by profit taking on Stellantis (-3.2%) and by sales on Campari (-6.6%) post accounts. Among the credit institutions, the worst are Banca Mediolanum (-1.57%) and Fineco (-1.18%).

The Old Continent area index, the Stoxx 600, marks a quarter of a point increase with energy in evidence, while oil and gas are falling: investors evaluate the new diplomatic efforts in the Middle East to avert a potential resumption of US attacks against Iran. The WTI leaves 1.6% below 102 dollars and Brent 1.2% one step away from 114 dollars a barrel. In Amsterdam, TTF contacts lost 3.88% to 96.8 euros per megawatt hour.

The focus of the day is on the ECB, after the Fed left rates on hold. Frankfurt rises by 0.74%, Paris by 0.89%, London by 0.48%. Madrid instead loses (-0.78%). The spread between BTPs and Bunds remains at 115 basis points with the yield on the Italian 10-year flat at 4.5%. The French Oat is down at 4.95 percent and the German ten-year is at 3.34 percent.

Finally for exchange rates, the euro is weak against the dollar. The single currency changes hands at 1.1136 on the greenback.