European stock exchanges mixed waiting for the Federal Reserve which on Wednesday should give some indications on the next moves in the matter of rates. Business Square closed above parity (+0,07% at 20.626 points). Purchases on the stock market are not enough to push the Stock Exchange Diasorin (+ 1,55%) and Azimuth (+1,47%), nor i new glimmers on the negotiation between FCA and Renault which sent the share of the Italian-American house up (+0,9%). At the bottom of the list there is once again the Juventus, which after -4,65% on Friday leaves 3,4% of its value on the basket today. It weighs, again, l'Sarri effect, new Juventus coach for the next three years.
In the rest of Europe well Paris (+ 0,43%) and London (+0,16%), while Frankfurt (-0,09%) limits the damage despite the collapse of Lufthansa (-11,56%), which launched on Sunday a profit warning for 2019 due to pressures resulting from strong competition from low-cost airlines in Europe. In red Madrid (-0,68%). Wall Street, after an uncertain start, in the wake of the record collapse in June of the Empire State index (-8,6 points), which measures the trend of manufacturing activity in the New York area, tries to raise its head. The Dow Jones and the S&P 500 rose 0,2%, while the Nasdaq gains 0,65% driven by the excellent performance of Facebook (+3,5%). Mark Zuckerberg's social network presented Libra, the new electronic payment system enabled to exchange money within the Group's applications on the model of cryptocurrencies. In New York, analysts are eagerly awaiting the FOMC meeting, scheduled for Wednesday and Thursday. According to forecasts, the Fed could announce a cut in the cost of money for 2019 in response to the slowdown in the economy but above all to the trade war between the United States and China.
From the USA to Europe, the annual forum between central bankers and economists starts today in Sintra, in which Mario Draghi also participates. Even in Milan the climate is wait-and-see with investors projected on the response that the Italian government will have to send to Brussels in order to avoid the infringement procedure on the debt. On this front, among other things, there is no good news: according to the latest Bank of Italy surveys, in April the public debt reached a new record, rising by 14,8 billion compared to the previous month to 2.373,3 billion. However, the data did not create particular jolts even on the bond front, where the spread closed slightly lower at 253.7 basis points, with a yield of 2,94%.
Going back to the stocks, the banks closed in contrast in the wake of the rumors coming from Germany relating to the possible creation by Deutsche Bank (+1,36%) of one bad bank into which to channel 50 billion euros of assets. In the sector the best is General Bank (+1,1%) in view of the exit from the Ftse Mib which Nexi will enter on June 24th. Well too Bpm bank, which after a leading session "deflates" in the final closing at +0,48%. Last Friday, the institute positively closed the issue of a senior preferred unsecured bond for a countervalue of 500 million and with a five-year maturity. The bond pays a fixed coupon of 2,50% and has an issue price of 99,384%. Down Unicredit (-0,26%) And Intesa Sanpaolo (-0,35%) And Where's Banca (-0,87%).
Well tuned luxury: among the best too Salvatore Ferragamo (+ 0,68%) and Moncler (+1%). On the rise Atlantia (+ 1,07%).
On the other side of the fence, in addition to Juventus, sales are striking Recordati (-2,9%) and insurance companies: Unipol (-1,65%), Unipolsai (-0,37%).
Turning to the other markets: the prices of the Petroleum, with Wti (-0,1%) at 61,95 dollars a barrel and Brent (-0,19%) at 52,41 dollars. On the currency front, after the US data on manufacturing activity, theeuro goes up again, settling at 1,124 dollars.
