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Stock exchange, Europe hopes for a compromise between Russia and Ukraine. Milan closes at + 3.34%

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Strong rise today for European stock exchanges, driven by the excellent performance of Asian markets (in particular of technology stocks, with Alibaba and Jd.com in the lead), thanks to signals from Beijing that they want to provide more support and stability to the Chinese economy slowing down.
The European stock exchanges are also euphoric on the hope of a compromise between Moscow and Kiev, which according to the Financial Times would make important progress on a draft establishing a 15-point peace plan, including a Russian ceasefire and withdrawal if Ukraine declares neutrality and accepts limits on the military. The market trend is also influenced by the Fed meeting, which is expected to raise rates by 25 basis points, in addition to publishing the new economic forecasts.
The stoxx 600 index records the session up 3.1%. In Milan, the Ftse Mib now rises by 3.34% . Also tonics are Frankfurt (+ 3.76%), Paris (+ 3.68%), London and Madrid (+ 1.75%).

Piazza Affari and Wall Street

Milan extends its pace to + 3.34% with the Ftse Mib at 24,284.85 points. ( here the quotes in real time ). Among the Milanese stocks with the highest capitalization, the purchases rewarded banks in the first place, with Banco Bpm at + 8.73% and Intesa Sanpaolo at + 6.97%. StMicroelectronics also performed well (+ 7.5%), while Leonardo lost ground against the trend (-4.86%). Sales hit the defense group’s stocks both to realize part of the gains made in the recent rally and to be cautious in light of the accident involving an M-346 trainer aircraft in the province of Como. In the rest of the list, the MediaForEurope category A shares (-11.01%) after the announcement of the takeover bid on the subsidiary Mediaset Espana. The spread between BTP and Bund drops to 151 points (here the spread in real time ) with the Italian 10-year yield at 3.44%. Wall Street opens positive pending the Fed. The Dow Jones rises 0.84% ​​to 33,840.10 points, the Nasdaq advances 1.40% to 13,132.82 points while the S&P 500 scores a progress of 0, 98% at 4,304.43 points.

Commodities and foreign exchange

Among commodities , WTI April oil rose 0.58% to 97 dollars a barrel, while May delivery on Brent dropped 0.53% to 99.38 dollars. The price of FTF gas futures traded in Amsterdam is down by 5.44% to 109 euros per MWh, after the low of 105 euros recorded at the start of the day. The intraday maximum reached 121.5 euros per MWh. Trading lasted a few seconds and due to a technical problem relating to the 5% downward ceiling on prices, trading was once again suspended. On the foreign exchange front, the ruble is recovering . The Russian currency, which before the war in Ukraine traded at 75 on the American currency, is exchanged at 98.5 for one dollar. The single currency is worth 1.1005 dollars from 1.0961 yesterday closing and 130.40 yen (from 129.55), while the dollar / yen ratio is at 118.49 (118.23).

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