European stock markets rise, driven by falling oil and gas

European stock markets are rising, driven by falling oil and gas prices. The conflict in the Middle East remains in the spotlight, with diplomacy working to find a solution for peace and the reopening of the Strait of Hormuz. Tensions on government bonds are easing after the rally the day before. On the currency front, the euro rises to 1.1391 against the dollar.

The Stoxx 600 index gained 0.8%. Positive Madrid (+1.1%), Frankfurt (+0.9%), London (+0.5%) and Paris (+0.4%). The main price lists are supported by the technology sector (+1.8%), while investments in artificial intelligence are being looked at. Banks (+1.3%) and insurance companies (+0.7%) also performed well. Utilities were positive (+1%), with the price of gas falling. In Amsterdam prices fell by 4.7% to 71.61 euros per megawatt hour. Purchases in the luxury sector (+0.7%) and cars (+0.3%). Energy fell (-1.7%), in line with the trend in oil prices. The WTI falls by 1.7% to 93.01 dollars a barrel. Brent leaves 1.3% on the ground at 105.24 dollars.

Government bonds moved little. The spread between BTPs and Bunds stands at 93 points, with the yield on the Italian 10-year bond at 4.53% and the German one at 3.60%. The price of gold rose by 0.8% to $4,294 an ounce.