The European Stock Exchanges lose their shots, disappointed by the nothing done in the meeting between the Russian Foreign Minister Lavrov and the Ukrainian Kuleba. Judging by the tone of Lavrov, who denied that the bombed Mariupol hospital housed sick children (according to him, the "manipulation of the media", but the images deny it), any agreement, even partial, seems really far away: there is no progress even on urgent humanitarian issues.
Bags in breakdown: the negotiation has failed
The markets, which in the first hours of trading had looked for ideas to reduce the falls, return to the opening values, with declines of more than two percentage points. At the moment, the main European squares are on the lows of the day: Milano loses 3,21%, Paris 2,15%, Frankfurt 2,1%, Amsterdam 1,1%, London e Madrid about 0,9%. TO London sanctions were also taken against Roman Abramovitch, for whom the attempt to sell Chelsea was not enough. The blues team remains frozen.
The map of the price list is symmetrically opposite to that of the day before. Stocks rose yesterday in decline: on the rise Leonardo (+1,14%) ahead of Tenaris (+0,60%). Snam slightly up.
In the rest of the price list, the leap of Italian Sea Group (+8%). The company has not only denied that the Sherehazade yacht in storage belongs to Vladimir Putin, but has specified that there is only one contract in place with a Russian customer, from which it has yet to collect 6 million euros relating to the balance for the delivery of the vessel, scheduled in first months of 2023. However, it should be noted that the contracting party is not among those affected by international sanctions.
Broken stock markets: oil recovery, banks down
In decline Eni (-1,8%), which yesterday suspended the purchase of oil from Russia following the invasion of Ukraine. The group added that it is closely monitoring developments affecting the gas supply.
Banks and cars lose hits after the surge on the eve. They leave more than 6 percent on the ground Unicredit, Understanding e Bper. stellantis yields 5,5%.
It will start in the afternoon the summit between the heads of state of Versailles dedicated to energy measurements and defense in which, perhaps, the theme of the Eurobonds, on which, however, there is no full agreement: the euro trades at 1,1050, down slightly.
The directorate of the ECB. While awaiting the final press release and Christine Lagarde's conference, the markets confirm the sensation of a postponement of the central bank's tightening: the 0,15-year Bund trades at +6%, -1,61 basis points lower. 148-year BTP at 2022%. The spread drops to XNUMX points. In a hearing in Parliament, the director general of the Treasury Alessandro Rivera said that for now Italy is covered with respect to the rise in interest rates and there are currently no elements that lead to think that interest expenditure is significantly higher to that estimated in the XNUMX budget. As for the reaction to the Ukrainian crisis, Rivera underlined how rates have "at times lowered as a result of a question of avoiding risk which leads to shifting resources to debt, including public debt". The signs of a common response from the European Union to the crisis "have also led to a compression of the spread against the German Bund".
Il Petroleum WTI climbs 4%. The UAE has said it is willing to ramp up production, but inventories data released yesterday showed how vulnerable the consuming side is.
Natural gas -5% to 147 euros, a price more than halved compared to the record peak at the beginning of the week which reached 345 euros.
THEgold, also falling sharply yesterday, returned below two thousand dollars, this morning it lost 0,7% to 1.978 dollars.
