Stock market: Europe rises with falling oil, Milan +2%

European stock markets are rising sharply while the price of oil continues to fall. The markets' attention is turned to tomorrow when inflation in the United States will be known. The grip on the technology sector is loosening (+1.9%), after the outcome of the vote in America and fears of more constraints for the development of artificial intelligence. Among currencies, the euro strengthens to 1.1187 against the dollar.

The Stoxx 600 index gains 0.9%, ahead of the start of Wall Street where futures are rising. Tonic Milan (+2%).

Madrid (+1.4%), Frankfurt (+1%), London and Paris (+0.7%) also performed well. In addition to the technological sector, positive performance for banks (+2%), while in Italy the consolidation of the sector continues, and insurance (+0.3%). Utilities are on the rise (+1%), with the price of gas falling to 84.09 euros per megawatt hour (-1.8%). Energy down (-0.7%), in line with oil. The WTI lost 2.5% to 88.49 dollars a barrel and Brent dropped 3.3% to 95.04 dollars.

Government bonds moved little. The spread between BTPs and Bunds drops to 106 points, with the yield on the Italian 10-year bond at 4.31% and the German one at 3.24%. The price of gold rose slightly to 4,108 dollars per ounce (+0.25%).

In Piazza Affari, Banco Bpm jumped (+10.2%), after the friendly merger proposal by Credit Agricole (-0.7%).

Tonic Unicredit (+5.6%), after yet another record quarter. Sale Intesa (+1.8%), following the green light for the takeover bid on Mps (+1.8%) with the acceptance period starting on 24 November.

In light Unipol (+2.5%) and Bper (+1.9%). Purchases on Prysmian (+3.4%) and Leonardo (+2.4%). At the bottom Moncler (-1.1%), Eni and Tenaris (-0.7%) and Stellantis (-0.4%).