The European stock exchanges are moving around parity after yesterday's rally triggered by words by Mario Draghi. The markets are concentrated in anticipation of the press conference Jerome Powell, the Fed chairman in Donald Trump's sights. Meanwhile, they weigh the words of the White House against the easing of EU monetary policy, seen as having an anti-American function. But Draghi, who has already rejected Trump's accusations, has to deal with the outcry of his colleagues at the ECB: according to Reuters several members of the directorate (at least six) argue that Draghi has pushed forward anticipating the possibility of a rate cut or new asset purchases that were hardly talked about at the last meeting.
In this frame Business Square (+0,05%) is almost flat around 21.100 points. Weaker Paris (-0,15%) And Frankfurt (-0,07%); worse Madrid (-0,40%). Also brake London (-0,30%).
THEeuro trades at 1,119 on the dollar, unchanged. Pound flat at 0,891 against the euro. In May, UK inflation remained below the targets set by the Bank of England. Consumer prices increased by 0,3% on a monthly basis and by 2,0% on twelve months. Data in line with estimates.
Stop the quotations of government bonds: the German Bund fluctuates around -0,31% yield. In Germany, producer prices recorded a drop of 0,1% on the month in May, +1,9% on the year. The figure is below expectations, confirming the low inflation scenario.
Stop the BTP at 2,12% yield.
Giovanni Tria reiterates today in the Financial Times, what he said yesterday to a group of investors in London. The proprietor at the Economy guarantees that
no one in the government intends to take Italy out of the eurozone
and speaks of savings of 3/4 billion deriving from lower outlays for the 100 share and basic income. Yesterday Tria said that Italy will avoid the European procedure for violating the stability pact, "because with the deficit/GDP this year at 2,1-2,2 per cent, the failure to meet the 2018 target will be compensated". The minister defined mini bots a “dangerous, illegal and unnecessary” tool.
Il Petroleum WTI is up 0,3% to $54 a barrel. At Piazza Affari Eni + 0,3% Saipem +0,8% and Tenaris -0,8%.
THEgold it is trading at 1.341 dollars an ounce, -0,2%, it closed up 0,5% last night.
The prices of utilities settled in Piazza Affari to the advantage of the banks.
Enel, yesterday at its highest since 2008, dropped by 0,7%. Snam -0,8%. Ivy -0,1%. The board of directors authorized the issuance of bonds up to 500 million euros.
Avanza Intesa Sanpaolo (+ 0,6%). Azimuth +1%. The starting point of Anima +2,5% is significant. More than 30 senior managers of the company, including the top figures, have recently purchased a total of over 290.000 shares on the market, for a value of over 780.000 euros.
Takes flight Telecom Italy (+4%) after having reached a maximum increase of 5,5%, just a whisker from 0,5 euro. According to Bloomberg, the two main shareholders, the Elliot fund and the French media group Vivendi, have reached an agreement: no more war, let's join forces for a common strategy.
Among the industrialists St Microelectronics +2%: Morgan Stanley starts hedging with the Overweight rating. Prysmian +1,72% signed a contract worth 140 million euros.
Eles, leader in the production of semiconductor reliability test and control equipment, active in the aerospace & defence, automotive and consumer electronics markets, landed at AIM Italia this morning with a record debut. The stock is up 73%. It marked a provisional low of €3,1405 and a provisional high of €3,5595.
Leonardo +1,2%, the highest since January 2018. The 50% investee, ATR, received a 2 billion dollar order from Nordic Aviation Capital (NAC) signed an agreement which provides for the acquisition of 35 ATR aircraft 600s, with an option for an additional 35 examples and a commitment for an additional 35, for a total of 105 units. The signing took place on the sidelines of the Le Bourget international aeronautics and space show.
Continue the march of Cnh Industrial (+0,5%): Deutsche Bank raises its judgment to Hold, the previous one was Sell.
