Negative session for all European markets, which suffered from the uncertainties linked to inflation and the shortage of gas.

Milan closed with a decline of 1.16%, London lost half a point, Frankfurt 0.72% and Paris 0.27%.

Sales on government bonds, after the words to the European Parliament of Christine Lagarde, the number one of the ECB, according to which inflation in Europe will remain high for a long time.

The yield on our ten-year btp rose to 4.71%, bringing the spread between btp and bund to 251 basis points.

The shutdown of the Nord Stream 1 gas pipeline caused natural gas prices to rise, rising to 201 euros per megawatt hour, while oil rose by over two dollars a barrel.

On the exchange rate side, the euro is stable against the dollar just above 0.96