The pessimistic statements on the improbability of an agreement with Greece released by the head of the IMF Christine Lagarde (in an interview with the Frankfurter Allgemeine Zeitung) were the result of a translation error. A spokesman for the International Monetary Fund made it known. But prudence prevails on the markets, despite the Greek finance minister Yanis Varoufakis continue to assure us that an understanding will soon be reached.
“According to the February 20 agreement between Athens and the creditor countries, the aid plan was extended until June 30, so an agreement must be reached by that date,” Varoufakis said in an interview with Greek radio station VimaFm, adding that an agreement will be reached "soon".
The main European stock exchanges are moving cautiously. Frankfurt loses 0,47%, Paris 0,53%, while London manages to earn 0,25% and the Ftse Eb try to keep afloat at +0,01%. In Milan, the price list is driven by banks and oil companies and also benefits from macro data released by Istat.
In May inflation it was up by 0,2% and the annual figure returned to growth after four consecutive months of decline. The recovery of inflation, after four consecutive months of negative values, explains the Institute, is mainly due to the further reduction of the decline on an annual basis in the prices of unregulated energy goods and to the acceleration of the tendential growth of the prices of services. Istat then confirmed the preliminary estimate released on May 13 on GDP (+0,3%) and the trend reversal.
Lo Btp-bund spread it is up around 135 basis points and the yield is at 1,86%. The change euro dollar it climbs 0,11% to 1,0961. Now the markets are looking forward to the second estimate of US GDP due today at 14.30. Asian stock exchanges closed mixed: Hong Kong -0,11% and Shenzen +0,14%. Tokyo at +0,06%.
In Milan among the best titles of the Ftse Mib run Ps (+ 5,19%), Enel Green Power (+ 1,7%), Ubi Bnaca (+ 1,06%) and Rest (+0,95%). At the bottom of the Ftse Mib Telecom Italy (-1,67%), Mediaset (-1,27%), Prysmian (-1,25%).
