European stock markets are trending downwards
European stock markets are falling after a timid start to growth. The climate of uncertainty remains on the markets as the war in the Middle East and tensions over the Strait of Hormuz continue. A picture that fuels the rush of oil and gas, and fears of an increase in inflation. On the currency front, the dollar weakens against the main currencies, with the euro rising to 1.1452. The Stoxx 600 index lost 0.4%. Negative session for Madrid (-0.9%), Paris (-0.6%), Frankfurt (-0.4%). There was little movement in London (-0.04%). The price lists are weighed down by luxury (-1%) and cars (-1.2%). Banks (-0.8%) and insurance companies (-0.3%) also performed badly. Utilities are weak (-0.3%), with the price of gas continuing to rise. In Amsterdam, prices recorded an increase of 0.4% to 52.02 euros per megawatt hour. Positive session for energy (+1%), driven by oil price increases. The WTI gains 0.3% to 99.08 dollars a barrel. Brent rose 1.4% to 104.60 dollars. Government bond yields fell slightly in the week in which decisions from central banks, including the ECB, are expected. The spread between BTPs and Bunds is stable at 80 points, with the yield on the Italian ten-year bond at 3.76% and the German one at 2.95%. Gold falls below $5,000 an ounce ($4,977), with a decline of 2.3%.
