Peace returns to the markets e Business Square it closed up by 1,49%, recovering the threshold of 22 points (22.109) and returning above the levels at the beginning of the year. At the end of the session, purchases are reduced compared to the morning, precisely in conjunction with the oath of the new government. Weighs the thud of fca, -4,53%, on the day of presentation of the industrial plan by CEO Sergio Marchionne.
However, the intonation of the Milanese price list remains brilliant and above all the banks are celebrating the country's newfound political stability and the drop in spreads. The 2,769-year yield falls to 238.70%, while the differential with the Bund shrinks to 8,49 basis points (-100%). The comparison with Bonos improves, but it remains over 131 points (5). Some analysts advise caution on Italy, because tensions can be created in the majority due to spending initiatives widely present in the Lega-XNUMXStelle contract. And while the governor Ignazio Visco recommends lowering the public debt in view of the end of the QE, the vice president of the council Luigi Di Maio writes on Facebook: "It is time to restart the country, to put Fornero aside, to establish the Citizenship income and the minimum hourly wage. And we will."
The other European lists: Madrid, +1,79%, with the distrust of conservative premier Mariano Rajoy and the move to socialist leader Pedro Sanchez, who automatically becomes the new prime minister (he is expected to take office on Monday). Dusting Zurich, +2,09%; Paris +1,24%; Frankfurt +0,95%; London + 0,29%.
Wall Street travels at high speed, led by the bankers, following the excellent report on American employment in May: 223 jobs are created (more than the 190 expected) and the unemployment rate is at the lows of April 2000 at 3,8, 3,9% (against estimates for an unchanged figure of 0,3%). Wages rose slightly (+XNUMX%) confirming a revival of inflation.
The job report casts some shadows the question of duties, while the focus is more on tomorrow's visit by Commerce Secretary Wilbur Ross to Beijing to discuss relations with China.
The exchange rate hasn't changed much euro dollar, with the single currency slightly down and the cross in the 1,167 area. The Petroleum retreats and Brent falls to 76,5 dollars a barrel, -1,37%. Gold was stable at 1297.69 dollars an ounce.
In Piazza Affari the session is heavy for the Lingotto. Perhaps analysts were also expecting some news in the short term, in any case the CEO guarantees the cancellation of the debt in June and the return to the dividend in 2018-2022.
For the rest, few blue chips are declining and sales are contained A2a -0,59%; Campari -0,23%; stm -0,1%.
The session is to be framed for financial stocks starting from Bpm bank, +8,45%. They follow Bper +7,87%; Ubi +5,7%; Azimuth +5%. The oil race starts again, led by Saipem + 5,57%.
