European stock exchanges are slowing down ahead of the weekend break. The slowdown in the car market contributes to suggesting prudence, while the acceleration of inflation (+1,7% on the wave of the increase in services) delays the start of Tltro loans.
Milano it falls by 0,57% even though it remains above 21 thousand points. Similar reductions for Paris and Madrid, Frankfurt -0,99% is worse. London is also down a quarter of a point. The City falls Just Eat -9%, on the news that Amazon has participated, with an important role, in the capital raising of Deliveroo. The home delivery company raised $516 million in this round.
THEeuro he continues to be under pressure in view of the vote and the comments of Deputy Prime Minister Matteo Salvini, who in recent days has threatened to tear up EU budgetary rules. The single currency loses 0,5% in the week.
The Italian debit card is gaining ground, especially on the short end of the curve, in a market with low volumes that still seems to benefit from the comments on public debt by Economy Minister Giovanni Tria. The gap between Btp and Bund rates on the 10-year segment stands at 276 points from 278 yesterday. The 2,65-year rate drops to 2,68% from 0,11%. The yield of the German XNUMX-year benchmark trades at -XNUMX%.
Il Petroleum Brent is unchanged at 72,5 dollars a barrel, yesterday it closed up 1,2%, in the last four days the gain is 2,5%. In the Persian Gulf, where a US aircraft carrier is about to arrive, there is an air of armed conflict after the attack on some Saudi Arabian oil installations by armed drones operated by the Yemeni Houti militia. At Piazza Affari Eni + 2%. Saipem +1,5%. Down too Tenaris + 3,58%.
At Piazza Affari it's Juve show. After the formalization of the divorce with Massimiliano Allegri, the stock moves to the top of the Ftse Mib with an increase of 4%.
Car registrations in Europe fell in April for the eighth consecutive month: fca (-0,03%) did worse than the market with a decrease of 3% to 88.755 cars and a market share down to 6,6%. Down 0,35% also Ferrari. Pirelli -2,19%. The latest data on the tire market signals a loss of momentum in the original equipment channel, across all geographies. The replacement segment is a little better.
After a weak morning, the banks run: Unicredit + 0,06% Ubi Bankto +2,55%. Bpm bank + 2,66% Intesa Sanpaolo + 2,21%.
Generali -0,35%. Kepler Cheuvreux cuts the judgment to Hold, from Buy.
Among the utilities. Enel +0,6%, Italgas +2,26%, Terna +1,19%.
Recommended Mediaset -0,3%. JP Morgan raises its rating to Neutral, target price at 2,9 euros, from 2,1 euros.
Shop on Tim +3,4% and Leonardo +1,97%. Banca Akros believes that the company can win the auction for 12 South Korean helicopters (value 800 million euro).
