European stock markets recovered on the possibility of ending the conflict in Ukraine soon with a summit between Putin and Zeleski willing to negotiate. Milan rose 3.2% in line with London and Madrid. Paris and Frankfurt traveled in pairs by +2.8%. In New York, the Dow Jones and Nasdaq opened slightly higher (at +0.3% and +0.1% respectively) thus reinforcing expectations for a return to normal.
Natural gas prices fell, back below 100 euros per megawatt hour. The correction was also for Brent oil, which fell to 98 US dollars per barrel. At Piazza Affari, purchases were mainly concentrated on utilities, with Terna, Enel and Italgas increasing by more than 4%. In the government bond market, the spread fell to 160 basis points with our ten-year yields at 1 and 81%. The euro against the dollar was at 1.12 and 25.