The European stock exchanges close the week without enthusiasm, with the price lists fractionally lower, on the day of the Brexit anniversary. Milan loses 0,46%, to 20.833 points. Sales mainly affect Brembo -2,19% and Salvatore Ferragamo, -2,67%, partly penalized by a negative report. Instead, purchases on Prysmian, +2,47%.
In red Madrid -0,74%; Frankfurt -0,47%; Paris -0,38% and London -0,2%. Wall Street is trading in moderately positive territory, with banks in tune. However, Blackberry collapsed at the start (-8,7%) after presenting disappointing quarterly results, leaving the guidance unchanged. Oil attempts a partial recovery for the second day in a row: Brent +0,91%; $45,63 a barrel. Gold is up: +0,46%, 1255,74 dollars an ounce.
The euro strengthens against the dollar, +0,43%, 1,12, while the new Paris-Berlin axis takes shape, with the declarations of Angela Merkel and Emmanuel Macron, at the end of the EU Council. For the chancellor it was "a Council of hope, action and trust". For Macron "the symbiosis between France and Germany is the necessary condition, even if it is not sufficient for Europe". A harmony that fuels some fears about the future division of the assets that London will have to cede with the farewell to the Union, in particular the European Medicines Agency (EMA) and the European Banking Authority (Eba), to which Milan also contributes. On the secondary side, there is some profit taking on Italian paper. The 1,92-year yield closes at 166.50%; the differential with the Bund goes to 1,34 (+XNUMX%).
The banking issue remains on the scene in the beautiful country, with the search for a solution for banks in the Veneto region. According to ANSA sources in Brussels, there is a "positive climate" and even if there is no shortage of knots to untie, in recent days "there has been an acceleration" which could lead to a solution before the summer break. On the plate there is only the offer of Banca Intesa, to take over the healthy assets for the symbolic price of one euro, but for Lando Maria Sileoni, general secretary of Fabi, "in Europe there are those who want layoffs and bankruptcy of Popolare di Vicenza and Veneto Banca. You risk skipping everything”.
Meanwhile, today the bank led by Carlo Messina gains a small 0,08% on the stock exchange, in a context of mixed financial stocks. Sales mainly affect Ubi, -1,46%, weighed down by the news of a request for trial for the institute by virtue of law 231/2001 on the administrative liability of entities. Bpm also dropped 1,25%. Well Azimuth +1,35%; Mediobanca down -1,61%.
Weak automotive with Brembo, but also Cnh -1,07%; Ferraris -1,06%; Fiat -1,22%; Exor -1,17%. Prysmian stands at the top of the main list, thanks to Intermonte's upgrade from 'neutral' to 'outpeform' with a target price of 30 euros. Among the stocks in the spotlight is Luxottica +1,03%. It loses some positions A2a -1,17%, after having reached the highs yesterday. In partial decrease Atlantia, -0,76%, which will sell to the Principality of Monaco 12,5% of Azzurra Aeroporti, majority shareholder with 64% of Aéroports de la Côte d'Azur (Aca). Another drop for Stm, -0,37%.
