Weak European stock exchanges, euro/dollar one step away from parity
World

Weak European stock exchanges, euro/dollar one step away from parity

Main lists down slightly – Milan at -0.63%, more penalized for Paris and especially Frankfurt

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The week is starting with difficulty on the European markets. Main price lists down slightly – Milan at -0.63%, more penalized for Paris and above all Frankfurt, which exceeds the percentage point of decline precisely on the wave of concerns related to the stop of natural gas supplies from the North Stream gas pipeline, stopped from today for ten days for maintenance.

A block that does not, however, cause gas prices to rise further, which indeed fall back by more than 2% to 171 euros per megawatt hour. Because the operators have already taken a position, so prices jumped up, when we started talking about the cut in supplies, and now that it is effective they just confirm, or even sell.

While on the foreign exchange front we are now one step away from parity between the euro and the dollar, with the single European currency currently worth 1,006 dollars. On the other hand, the threshold has already been exceeded by the Swiss franc: today one euro is worth only 98.9 cents of a franc.