Stock markets today 17 April | Positive Europe with a focus on quarterly earnings, banks doing well – Corriere.it

The European stock exchanges open the session on Monday 17 April cautiously, to then continue the morning on the upside with investors awaiting the results of the quarterly season. On the markets, the knot of the next rate hikes still needs to be resolved, while Christine Lagarde’s speech at the Council on foreign relations in New York is awaited. Milan holds at +0.34%, awaiting the new forecasts of the European Commission on the economy of the Eurozone.
On the currency front, the euro moved little at 1.0993 against the dollar. The Stoxx 50, the index that brings together the 50 most capitalized corporate stocks among European countries, gained 0.1% and rose to its highest level since 2007.
Positive session for London (+0.5%), Frankfurt (+0.4%), Paris and Madrid (+0.3%). The main European lists are supported by the industrial sector (+1%).
Energy also did well (+0.9%), with little movement in oil. Wti rose to 82.59 dollars a barrel (+0.08%) and Brent to 86.36 dollars (+0.06%). Gas up 1%.
Tlc also performed well (+0.5%). Utilities (+0.1%) are cautious, with gas prices slightly up. In Amsterdam the price stands at 41.4 euros per megawatt hour. Banks are flat (+0.01%) while insurance companies are down by 0.2%. The technological ones are bad (-1%). Government bond yields have not moved much.
The spread between Btp and Bund continues at 184 points (Here the spread in real time), with the Italian 10-year rate at 4.29%. Falling prices forgold which drops to 2,009 dollars an ounce, with a drop of 1.4%.
Here the stock market data in real time.

Bankers are doing well in Milan

Bank stocks run in Milan. Nexi runs in Piazza Affari, which is close to a 5% increase. Banco Bpm (+2.7%), Mps (+2.6%), Bper (+1.6%), Intesa and Unicredit (+0.7%) stand out. Positive session also for Tim (+1%), grappling with the two offers for the network. The car sector also made progress, where Iveco gained 2%, CNH (+1%), Stellantis (+0.8%). Energy also did well: Eni (+1%), Saipem (+0.9%), after acquittal by the Algerian Court of Appeal, and Tenaris (+0.8%). The utilities were positive with Enel (+0.6%), A2a (+0.9%). Down session for Moncler, Stm and Generali which drop 0.1%.

Asian Stock Exchanges

Looking eastwards, Asian stock exchanges closed sharply higher in the first weekly session awaiting the data on Tuesday 18th on Chinese GDP for the first quarter which should see a marked recovery after the stagnation of the previous quarter, thanks to the removal of the anti- Covid.
The Shanghai Composite Index finished trading up 1.42% to 3,385.61 points while the Shenzhen Composite Index of China’s second largest stock exchange rose 0.20% to 2,141.40 points. The Hong Kong Stock Exchange gained 1.68% to 20,782.45 points. The Nikkei index closed the session with a +0.07% to 28,514 points, while the Topix index gained 0.41% to 2,026 points.