Monday , March 8 2021

European stock markets are on the rise with Italy and Brexit as the background



At around 09:05 GMT in Lisbon, EuroStoxx 600 increased by 0.64% to 360.01 points.

The stocks in London, Paris and Frankfurt rose by 0.44 percent, 0.59 percent and 0.57 percent, while in Madrid and Milan they were up 0.78 percent and 1.22 percent.

Following the opening of the scale, the Lisbon stock exchange maintained its trend and around 9:05 the PSI20 index rose 0.54% to 4,940.54 points.

In addition to "Brexit" and friction between Italy and the European Commission, a week on Thursday in the United States and "Black Friday" will mark the feast for Thanksgiving on Friday, private consumption is being driven worldwide.

The Eurogroup – the euro area finance minister – is meeting today with an extraordinary meeting to finally pull out talks on the euro's reform and reach an agreement with the agreement at the time of the December summit in uncertainty over the situation in Italy.

Investors are still waiting for Italy and awaits the European Commission (EC) issuing a decision on the state budget this week, after Rome refused to amend the proposal, although it committed itself to avoid a too short a 2.4% deficit.

On Wednesday, Italy's decision not to amend the budget despite Brussels, which warns that it means "no case of deviation" of European standards, has led to an increase in interest rates on sovereign debt.

Today, EU foreign ministers for the first time turn to the technical agreement on Brexit, relations with Iran, the crisis in Yemen and the strengthening of military cooperation.

On Wednesday, the British Prime Minister accepted a preliminary agreement proposed by Brussels to leave the United Kingdom and claimed that this was "the EU's most ambitious free trade agreement with any other country."

On Thursday, however, the Irish borders clause led to the resignation of EU ministers for the EU and exit from work, and Secretary of State for Brexit and Northern Ireland and a conservative vice-president.

The main macroeconomic survey this week will be monthly industrial output in September in the euro area.

In addition to these issues, markets will continue to pay attention to crude Brenta crude prices, which dropped by 7% on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) calculated a reduction of 1.1 million barrels a day in 2019.

In New York, the Wall Street stock exchange ended with a mix on Friday, while Dow picked up 0.49% to 25,413.22 points, climbing to October 3 to 26,828.39 points, the highest one Founded in 1896.

Nasdaq dropped by 0.15% to 7,247.87 points, reaching 8,109.69 points on 29 August.

At the exchange rate, the euro opened on the Frankfurt exchange market higher at $ 1.1402, against $ 1.1398 on Friday and after falling to its lowest value since June 2017 before the past week.

Brent crude for January delivery rose today trading at $ 67.32 at London's Intercontinental Exchange Futures (ICE), up 0.77 percent from the end of the previous session and down from $ 85 in early October.



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