The European stock exchanges reverse course after the publication of the index of expectations on the economy of the euro area. In Milan, the Ftse Mib loses 0,16% just above 21.700. Cac40 of Paris -0,2%, Dax of Frankfurt -0,3%, Ftse 100 of London -0,2%, The worst is Madrid (-0,8%), in the aftermath of the general elections.
The European Commission indicator, constructed with the views of a number of stakeholders on the economy, fell in April for the tenth consecutive month to 104 points, level not seen since October 2016. Consensus expected 105.
Nonetheless, the euro appreciated slightly to 1,116 against the dollar.
The 2,57-year BTP trades at 2,52%, from 2,58% this morning and 5,25% at the previous close. The Treasury is offering an amount between 6,5 and XNUMX billion euros on Tuesday. S&P confirmed Italy's sovereign rating at 'BBB' on Friday evening, two notches above 'non-investment grade', with a negative outlook. Next appointment with the agency at the end of October.
Petroleum Brent down by 1% to $71,4.
In the Italian list, the oil companies are worsening. Tenaris -1,2%, Eni -1,2%. Saipem +0,1%.
The utilities are also weak: Enel -1,2%, Terna -1%. Italgas +1% stipulated an agreement for possible joint initiatives in the natural gas distribution sector.
S&P effect also on banks, up after narrow escape. The Bigs are on the rise Intesa Sanpaolo +1%. Unicredit +1%. According to Der Spiegel "the BTPs in the institute's belly are not a good business card for the purchase of Commerzbank".
Better Ubi Banca +2,3%, and Banco Bpm +2%. At the end of March, Italian banks had national government bonds in their portfolios for a value of 395,674 billion euros, more or less the figure of a month earlier. Well too Banca MPS + 3,27%.
Perennial Mediobanca +0,7%: Morgan Stanley raised the target price to 11,10 euros from 10,30 euros, reinforcing the Overweight opinion.
In the managed well Italian post office +1%. Banca Generali +1%.
Little move Atlantia -0,2%. The deadline to take part in a plan to save Alitalia it's Tuesday, said Deputy Prime Minister Luigi Di Maio. The government has not received any formal offers from Atlantia, Toto Holding or others.
Out of the main basket: Aviation +1%. KeplerCheuvreux starts hedging with Buy. salt Salini Impregilo +2%.
Safilo +3%, announces this morning a joint venture in South Korea with Parma International.
Banca Ifis +3%, today detaches a 1,05 euro dividend.
