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European stocks up on the heels of Asian markets

All the main European stock exchanges record sustained increases at the start with Frankfurt and Madrid gaining more than one percentage point – Milan advances by 0,8% – Finmeccanica, Mediolanum and Ferragamo do well, all stocks above 2% – Euro weak compared to the dollar – Oil prices go up

European stocks up on the heels of Asian markets

European markets open the day positive following the positive closures of Wall Street and all the main Asian markets, galvanized by the latest news from the Federal Reserve on interest rate hikes.

The best in Europe are Frankfurt e Madrid which at 10,15 both gain 1,1%. Well too London (+ 1%) and Paris (+0,9%). Positive too Milano with the Ftse-Mib index up by 0,9%.

In Piazza Affari well, in particular, Finmeccanica (+ 2,20%), A2A (+ 2,11%), Mediolanum (+ 2,05%) and Ferragamo (+ 2,01%).

Optimism in Asia, where the Japanese Central Bank has confirmed the current ultra-expansionary monetary policy as expected by the same analysts. Tokyo it closed with an increase of 1,07%. Chinese bags are also good with Shanghai which marks an increase of 1,36% and Shenzhen of 3,07%. Also noteworthy are the increases of Hong Kong (1,41%) and Alone (+ 1,33%).

On the front of the exchange rate between euro and dollar, the European currency opened weakly below $1,07. Goes up the price of Petroleum on markets after US weekly inventories data. WTI is at 42,15 dollars a barrel while Brent from the North Sea is up 38 cents to 44,52 dollars a barrel.

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