Business Square joins the climate of general optimism on the financial markets and closes up by 1,19% reaching again 20 thousand points, despite the thud of Atlantia -15,19%. The holding controlled by the Benettons goes down due to the increasingly concrete risk of revocation of concessions to Autostrade. Tomorrow will be a field day, with a cabinet meeting in the morning (source Reuters) and an Atlantia board of directors on the issue. In great dust instead Leonardo +7,01%. Well Telecom +5,89%, on the assumptions of political acceleration for the single network. The TLC company also announced today the completion of a high transmission capacity fiber optic submarine cable to support the development of ultra-broadband in Sardinia.
In the rest of Europe Frankfurt salt of 1,25%; Paris +1,29%; Madrid +1,43%; London +1,29%. The sentiment, positive since the morning also in the wake of the upward trend in Asian stocks, rebounded in the afternoon after the tonic opening of Wall Street. Covid remains a terrible scourge for all the countries of the world and the USA registers a new daily record of cases (66 thousand), but hope for a vaccine is also strengthened, while we look with confidence at the start of the new quarterly season, in light of the conservative estimates of many companies. Already PepsiCo (+2,4%) presented profits and revenues that exceeded expectations, while traveling like a rocket Tesla (+12,4%) and a rally continues that we don't know where it will take, with the results obtained in China, where 15 Tesla 3s were sold in June, after 11 in May. The company also slashed the price of its Model Y SUV over the weekend. German biotech firm Biontech and US pharmaceutical giant Pfizer are also making big progress after two of their experimental coronavirus vaccines were granted 'fast track' status. by the US FDA.
On the currency market theeuro it is ahead of the dollar, with the exchange rate around 1,36, at the start of a particularly important week, with the strategic meetings of the ECB and the European Union, to discuss the 750 billion euro 'recovery fund'.
Among the raw materials the Petroleum recovers the losses of the morning and moves on the levels of the day, with Brent at around 43,20 dollars a barrel, awaiting Wednesday's videoconference of the Opec countries plus Russia. The uncertainty surrounding the maintenance of the current high level of production cuts weighs heavily. In April, Saudi Arabia, the world's largest crude exporter, called on the group's 23 producers to cut collective output by 9,7 million barrels a day as demand plummeted following the freeze on the lockdown. Now Riyadh could push for less drastic cuts.
THEgold it confirms itself as a major player with rising prices, at 1810,35 dollars an ounce.
Closure in green also for the Italian secondary: lo spread with the German 167-year bond it falls to 1,77 basis points (-1,24%) and the BTP yield is XNUMX%. No jolt from Fitch, which confirmed the Italian sovereign debt rating, "BBB-" with a stable outlook.
Returning to Piazza Affari, today's purchases reward the Agnelli galaxy: Cnh +4,19%; fca +2,52%; Exor + 3,12%.
Among the banks they stand out Unicredit +2,14% and Mediobanca + 2,46%.
Short list of the worst titles. Apart from Atlantia, they record fractional declines Campari -0,63% and Saipem -0,29%.
Out of the main basket Unieuro leaps by 14,65%, after the quarterly results which, according to Mediobanca Securities, are better than expected despite the effects of Covid-19 and thanks to the boom in sales on the online channel.
