Positive European stock markets awaiting Angela Merkel's press conference which should kick off the German maxi-plan of investments in the environment. In fact, the press conference of the chancellor and the finance minister, the social democrat Olaf Scholz, is scheduled for the early afternoon: according to rumors, 100 billion of investments between now and 2030 through vehicles that will make it possible to circumvent the debt constraints envisaged by the Constitution. The plan was finalized tonight after a sixteen-hour meeting.
At the end of the morning, Piazza Affari achieved an increase of half a percentage point around 22.350 points. Other markets also rose: Madrid +055%, Paris +0,26%. But Frankfurt is lagging behind -0,02% awaiting the details of the green plan. London is also flat - 0,02% waiting for the country's supreme judiciary to rule on the blackout imposed by Boris Johnson on Parliament on Monday. The conclusion of the preliminary negotiations between China and the US, before the political confrontation between the two delegations.
Heavily leveraged French chain Casino is seething in European stock exchanges, but up 2% after the company said it was in talks to sell its Leader Price discount stores to German rival Aldi. Leader together with Lidl of the discount. Spread firm just under 140 points. The Bund trades at -0,51%.
The euro dollar is little moved at 1,104. Today the New York Federal Reserve is back in action to cool tensions on the liquidity market, a new 75 billion dollar operation was announced yesterday evening, during which the central bank offers liquidity in exchange for securities and bonds . The Petroleum WTI is up by 0,6% to 58,5 dollars a barrel Eni goes up +1,22%, Tenaris goes down -1,11% and Saipem -0,7%.
Enel stands out in Piazza Affari +1%: HSBC has raised its rating to Buy. Other utility companies such as Hera also rose +0,7%. They go up Mediobanca +1,4% and Generali +0,6% driven by the effect of the purchases of Leonardo Del Vecchio.
Ubi Banca -0,2% and Unicredit -0,2%, Banco Bpm -0,3% slow down. The advance of Nexi continues +1% pending measures on electronic payments. According to Equita, the incentives could raise revenues by 5%.
Contrasted trend for Tip's wallet: Prysmian's recovery continues +1% after the successful laying of new cables. However, Oviesse -8% takes its toll, which closed the half year with 651 million euros in revenues, down 2% year on year and in line with the consensus. Pre-tax profit of 25 million euros (+88%), slightly below forecasts. Debt of 413 million euros, down on a year ago.
Pirelli -0,7%. The Finnish manufacturer Nokia he said there will be no growth in central European markets in the latter part of the year.
Outside the main Piaggio price list +1,5% after the measures announced by the Government of India: the finance minister has proposed a sharp cut in taxes on corporate profits and a reduction in VAT. The novelty will favor the increase in demand for means of transport with two, three and four wheels.
