Europe weak at the end with Wall Street, Milan -1.15%
European stock markets were weak at the end of the last session of a week marked by the US and Israel’s confrontation with Iran, to which President Donald Trump asked for “unconditional surrender”. Madrid lost 1.15%, London and Milan 1.1%, Frankfurt 0.9% and Paris 0.8%, while in New York the Dow Jones lost 1% and the Nasdaq 0.7%. The rise of crude oil does not stop (WTI +9.9% to 89.04 dollars per barrel) in view of a cut in Qwait production and with the closure of the Strait of Hormuz, which also weighs on gas (+4.97% to 53.2 euros per MWh). Both gold (-1.44% to 5,090.38 dollars an ounce) and silver (-1.53% to 82.99 dollars an ounce) fell. The dollar moved little at 86.23 cents and 74.69 pence, while the differential between German 10-year BTPs and Bunds fell to 76.3 points, with the Italian annual yield growing by 6.8 points to 3.63%, the German one by 2.5 points to 2.86% and the French one by 6 points to 3.52%.