Il Russia-Ukraine negotiations starts again. "A solution will be found": the Russian Foreign Minister, Sergej Lavrov, sends a timid signal of openness to dialogue a few hours after the resumption of negotiations (at 13 pm Italian time) which will be held in the oldest nature reserve in Europe, Belovezhskaya Pushcha, the same where in 1991 the Belovezh agreements were signed, the treaty that led to the end of the Soviet Union.
Oil flies: Russia-Ukraine negotiations are not enough
I oil prices are accelerating: the WTI, up 3%, is at its highest level in the last eleven years, at 115 dollars a barrel. Brent +4,3%, at 118 dollars. It is an indirect effect of the sanctions: purchases are free, but very few these days dare to buy crude oil from Moscow, given the difficulties in using the Russian ports deserted by the major shipping lines.
New record for gas
Fly The natural gas to 182 euros per megawatt, up 4%. But early this morning it had risen to 197 euros per, a new historical record. Even wheat fluctuates at record prices on the Chicago commodity exchange, up 7% to 1.134 dollars per bushel, the Anglo-Saxon unit of measurement used for these raw materials. Corn up 3% to $747, the highest since 2013.
Stock markets down despite the Russia-Ukraine negotiations
In this context, despite the resumption of the Russia-Ukraine negotiations, the equity markets veer downwards. Business Square drops by 0,80%, around 24.300 points. It gets worse Frankfurt, with a drop of more than one percentage point. The London Stock Exchange (-0,60%) suspended trading on Rosneft and Sberbank. Meanwhile Abramovitch confirms his willingness to sell Chelsea: the proceeds will be used to finance war victims.
Wall Street futures also turned negative.
In Piazza Affari eyes on Tim's collapse
It holds court on the price list Tim's meltdown, which leaves 13,7% on the ground, under 0,3 euro after the board of directors that liquidated the 2021 accounts with a deadweight loss of 8,7 billion, suspending the disbursement of the dividend including savings shares.
Inwit
The new CEO Pietro Labriola has received from the board the mandate for sell the stake in Inwit (+2,81%), best title of the day.
Kkr's takeover bid
There hasn't been an official response to Kkr yet, which had launched a takeover bid on Tim. Labriola denied this morning that the group had approached the US fund to withdraw its offer, instead involving it in its network spin-off plan. It is clear that from an industrial point of view, Cdp with Oper Fiber are the most interesting industrial partners “for the single network project”, he added while waiting for the Cassa board of directors.
The other titles highlighted in Milan
Among the plus signs stand out the rises of Saipem (+ 1,92%), Leonardo (+ 1,85%) and Atlantia (+ 1,54%).
It goes into negative ground Eni (-2,1% to 14,238 euros), after reaching the highest since July 2019 and having qualified as the best blue chip in the Eurostoxx 50 index since the beginning of 2022 with a +20,0%.
Heavy among the banks Bpm (-3,38%) and Bper (-2,62%). In red Understanding (-0,33%) And Unicredit (-1,2%).
