Business Square queen of Europe on a positive day for all European stock markets which continue to look carefully at the French elections on 30 June, but also at the data on European and US inflation, due out next Friday. In this context the Ftse Eb it shifts into fifth gear and in the middle of the day more than the other continental stock exchanges: the provisional balance says +1,36% at 33.763 basis points.
Stock market: 2,3 billion in dividends from 7 big ones in Milan
It is in Milan dividend day with seven big 7s paying off the coupon for a total of 2,3 billion euros. These are Hera, Leonardo, Pirelli, Poste Italiane, Snam, StMicroelectronics and Terna.
The highest allowance is that of Poste Italiane which today pays the balance of the dividend relating to the 2023 results for a total amount of approximately 730 million euros and a unit coupon of 0,563 euros (0,8 euros the total considering the advance already paid). It distributes more than half a billion euros Snam which pays a balance of 0,1692 euros per share (0,282 euros in total). The overall dividend is around 450 million euros Terna which pays with 0,225 euros out of a total of 0,3396 relating to 2023.
Coupon in a single tranche instead for Hera, Leonardo and Pirelli which today trade ex dividends detaching 0,14 euros, 0,28 euros and 0,198 euros respectively. Finally there is stmicroelectronics which pays the first quarterly tranche of 0,09 dollars per share out of 0,36 in total.
Dividends also outside the Ftse Mib basket: the one in particular stands out That which pays 0,88 euros per share for a total of over 180 million euros.
Stock exchange: Piazza Affari, queen of Europe with banks and cars
In this context, the banks are responsible for driving Piazza Affari to the top of Europe Bper (+ 4,92%) and Ps (+4,1%) in the spotlight. Both institutions are in fact at the center of the rumors on banking risk, despite the president of Unipol (+0,4%) Cimbri reiterating that the Emilian institution has a path to autonomy already traced and there is nothing new "in 'immediate future'.
Also on the rise Unicredit (+3,22%) which began the third tranche of the buyback, Pop Sondrio (+ 2,85%), Bpm bank (+ 2,67%) and Banca Mediolanum (+ 2,1%), Intesa Sanpaolo (+ 1,8%).
Well bought the auto sector with Pirelli (+ 3%), stellantis (+ 2,1%) and Iveco (+1,86%). The provisional duties announced by the EU, which include tariffs of up to 38,1% on electric vehicle imports from China, are expected to come into force on July 4. Brussels and Beijing agreed to start talks after a phone call over the weekend between European Commissioner Valdis Dombrovskis and Chinese Trade Minister Wang Wentao.
Telecom Italia rises by 0,3% in view of the closing of the transfer of the network and while waiting for the offer from the Ministry of Economy for Telecom Sparkle.
On the Ftse Mib there are only three negative stocks: Hera (-1,47%), which is affected by the ex-coupon, Getting very (-0,49%) And Diasorin (-0,15%).
Outside the Ftse Mib eyes up Fincantieri (+7,97%): the capital increase starts today and will end on 11 July. The rights jump by more than 20%, while investors adjust their positions in light of the 400 million recapitalization (+100 million in warrants) aimed at the acquisition of Uas (formerly Wass) from Leonardo.
The other European stock markets also rose
The other European stock exchanges are also gaining ground, with the Stoxx 600 which in the middle of the day rose by 0,4%. Among the individual price lists, Madrid earn 0,86%, Frankfurt 0,71%, Paris it is up 1% after recovering 1,7% last week. Amsterdam is further behind (+0,38%), while outside the EU, London scores +0,55%.
On the data front, German business confidence unexpectedly fell in June due to more pessimistic expectations for Europe's largest economy, according to the Ifo institute survey.
On the stock market, the rise of the Belgian pharmaceutical company should be noted argenx (+6,46%) after saying the US FDA approved Vyvgart Hytrulo (a treatment for chronic inflammatory demyelinating polyneuropathy). On the opposite front, Eurofins Scientific fell 19% after short seller Muddy Waters said he had short positions on the French analyst firm. Zalando drops 6%: Morgan Stanley has brought the online retailer's stock to 'equal weight' from 'overweight'.
The other markets: the spread is falling
In sharp decline spread between ten-year BTP and Bund which stands at 149 basis points from 153 on Friday. The ten-year yieldand Italian is at 3,91% from 3,94% of the previous reference, that on Bund is at 2,42%.
On the currency market, the exchange euro Dollar it moves to 1,0733, up from 1,068 at Friday's close. Among raw materials, the price of raw materials is rising slightly Petroleum, with August Brent at 85,5 dollars per barrel (+0,3%) and the WTI of the same maturity at 80,92 (+0,26%) dollars. On the Amsterdam platform the price of gas it is 34 euros per megawatt hour.
