Lo coupon detachment of about twenty blue chips and Fitch's alarm on the Lega-M5s contract sinks Business Square and make the spread soar. Milan closed down by 1,52%, 23.092 points, the worst place in Europe, where Frankfurt and Zurich are closed for holidays. London touches a new historic record, reaching 7868.06 points, +1,15%, Paris earn 0,41%, Madrid loses 0,48%. Wall Street opens in tune and moves up, with the Dow Jones which at times exceeds the psychological threshold of 25.000 points. The markets are celebrating the narrow escape of a trade war between the US and China. General Electric rallied, rising more than 3% and could close the session on almost four-month highs by officially entering "bull" territory after the announcement of the merger of its transport division with the railway operator Wabtec.
The change euro/dollar it is little moved, around 1,175; stable the Petroleum, with Brent at 78,7 dollars a barrel; gold slightly down to 1289,17 dollars an ounce (-0,25%).
The painful notes are almost all tricolor. The session is heavy for the Italian 2,41-year bond, whose yield rises to 2014%, the highest since XNUMX, and the spread with the Bund jumping to 186.50 points, marking a growth of 16,64%. Weighing in mid-afternoon is a report from the rating agency Fitch which speaks of an increase in country risk on the basis of the Lega-5 Stelle government contract. This “increases risks to the sovereign credit profile in particular through fiscal easing and potential damage to confidence”. The EU roadmap, on the other hand, seems to give Italy some breathing room. On Wednesday, the European Commission will suspend judgment to wait for the moment in which the new government will present the 2019 budget proposal, by September. The case of Italy will be clarified in October and the assessment of whether this year will comply with the debt reduction rule will take place next spring, because decisions on procedures are taken on the basis of data certified by Eurostat.
On the other hand, Piazza Affari pays the detachment of coupons for as many as 19 big caps. Stock market losses are directly proportional to dividend generosity. The worst title is Azimuth, -10,54%, follow Understanding -7,33% Unipolsai -6,67% General Bank -5,16% Generali -5,02%.
The Agnelli galaxy goes against the trend. fca +2,61%, is the best title of the session, while the expectation for the presentation of the new industrial plan scheduled for June XNUMXst, which should confirm the group's strategy focus on more profitable segments. Well too Cnh +1,67% and Ferrari +0,93%.
It keeps growing Saipem +2,16%. Shop on Buzzi +1,59% and Prysmian + 1,37%.
