European stock markets stable with energy rising on tensions in the Middle East

The European stock markets, with the start of Wall Street, do not change register. The Old Continent area index, the Stoxx 600, is sailing close to parity with the momentum of energy-related stocks triggered by the rush of oil on new tensions in the Middle East. The WTI rises by 2.6% to 85.5 dollars and Brent by 2.5% above 90 dollars a barrel. Gas futures confirm 70 euros per megawatt hour with an increase of 4.3%.

In Milan (FTSE MIB +0.42%), Tenaris (+3.66%), Saipem (+2.69%), Eni (+2.24%) remain in the lead. Among the banking companies, at the center of the ongoing risk, MPS (+1.89%) together with Mediobanca (+1.59%). The black jersey belongs to Leonardo (-1.87%) and Avio (-1.62%).

Among the other markets, London closed for holidays, Paris is marginal at +0.17%. Frankfurt, however, loses 0.73% while inflation in Germany accelerates in August, although less than expected.

E' poi piatto lo spread tra Btp e Bund. The differential is confirmed at 82 basis points with the yield on the Italian 10-year bond rising by 3 basis points to 4.13 percent.

Finally, for exchange rates, the euro appreciates against the dollar. The single currency changes hands at 1.1599 on the greenback.