La ECB does not exclude the hypothesis of a rate hike of 50 points base, anticipates Reuters. The prospect, on the eve of the meeting which will in any case mark the first increase in the cost of money for eleven years (probable +0,25% and another adjustment of the same amount in September), has given wings to the euro which has risen to 1,0246, XNUMX on the dollar. It is the most sensitive movement of a morning with uncertain contours, without a precise direction.
ECB could raise rates by 50 points, Borsa Milano looks to Draghi
Piazza Affari, after starting in the red, has gradually gained ground, coinciding with themeeting between Prime Minister Draghi and President Mattarella, only to then fall back below parity, on the threshold of 21 points. At 13 pm the index signals +0,35% above 21.200 points.
Even more dancer lo spread, straddling the 210 points pending the launch of the anti-fragmentation shield by the ECB. The yield of the ten-year BTP fluctuates around 3,40%, after a peak of up to 3,44% from 3,34% this morning.
Gas, Gazprom supplies alarm. Nasdaq futures up
The other unknown weighing on the markets concerns the flow of gas from Moscow. The Financial Times cites a confidential EU study: in case of stoppage of supplies Europe risks up to 1,5% of EU GDP. Possible -10% of earnings per share and -10% of share prices.
Il Nasdaq futures marks a slight increase +0,3%. They will come out in the evening Netflix accounts which has already anticipated strong economies and presented theagreement with Microsoft: a low cost subscription is looming but accompanied by video advertising.
Salt also the oil +0,3%. OPEC+ meets again on August 3rd.
Of note in Paris is the announcement of theTakeover bid by the French State on Edf, already 85% controlled. After the confirmation of the operation, the share, already suspended, gained 15%. According to the Economy Ministry, the takeover bid will cost 9,7 billion euros.
Borsa Milano, the banks do well, the oil companies thwarted
Tonic in Piazza Affari the banking sector. Lead the race Unicredit +4% who just closed the buyback program, follow Bpm bank +2.7% ed Understanding; Fondazione Cariplo has rounded up the stake in the bank, lower only than that of the Compagnia di San Paolo.
Opposed the oil companies. Rising sharply Saras +3,3% and Saipem +2,7% on the day of delivery of the ex capital increase securities. Under braking Tenaris – 2.6%.
Bad sitting for stm which drops 1,2%. Weighing on the entire European tech sector is the press rumor according to which Apple intends to slow hiring and spending growth next year in some units to cope with a potential economic recession.
Among the smallest, after a jump of 9%, following the announcement of the plan to 2027, Italian Exhibition Group reverses course and yields 2%.
In its debut at Piazza Affari, Wells Milan rips with +50%.
