Weak end of the week for the European equity markets after signs of slowdown in the economy. TO Milano the FtseMib index fell by 0,8%, around 20.700 points. The Exchange of Paris loses 0,6%, Frankfurt -0,8%. Madrid -0,9%. It gets even worse London (-0,5%). For the first time, a majority of Britons have declared that the Labor opposition leader Jeremy Corbyn would be a better prime minister than the current Downing Street resident, Theresa May.
La growth of business activity in the euro area he slowed down surprisingly. IHS Markit's preliminary composite purchasing managers' index in June fell to 55,7 from 56,8 in April and May, which had been the highest since April 2011. A reading above 50 signals expansion. Economists' expectations were for an unchanged index.
The recovery attempt continues with caution Petroleum but the semester is starting to close with a 20% drop in prices compared to January. Crude rose by 0,2% for both Brent (45,3 dollars a barrel) and Wti (42,8 dollars). They get off in Piazza Affari Eni (-0,8%), Saipem (-0,9%) And Tenaris (-1,2%).
Stable situation on the bond market: the BTP is trading at a yield of 1,89%, unchanged from yesterday. Spread with the Bund stable at 164 basis points.
Understanding it falls by 0,2% pending progress in the negotiations between the government and the European Union for the rescue of the Veneto banks. Intesa Sanpaolo's offer is the only one on the table to take over the Veneto banks, said the president of Popolare Vicenza, Gianni Mion, anticipating the meeting of the board between today and Tuesday. “I think this initiates the problem towards a final and rapid solution which is what we all wish for,” said Giovanni Bazoli.
Unicredit falls by 0,6%, Bpm bank -0,6%. The decline of Ubi (-1,7%), after the news that the prosecutor of Bergamo has presented the request for indictment against Ubi, of the ad. Victor Massiah, the president and vice president of the supervisory board Andrea Moltrasio and Mario Cera, as well as Giovanni Bazoli and 25 other people. “All the people who are informed of the facts know perfectly the integrity and absolute correctness of my work as always” commented Bazoli.
It stands out among the Milanese blue chips Prysmian with an increase of 1,7%. Well too Azimuth (+0,6%). Among other industry titles, StM salt by 0,4%. They also retreat Leonardo (-0,9%), Fiat Chrysler (-0,6%) ed Exor (-1,66%). Atlantia -0,51%. The Principality of Monaco, following the green light from the French government, will enter the share capital of Azzurra Aeroporti (75% Atlantia – 25% Edf) by purchasing a 12,5% stake from the same company of the Benetton group.
Sales on Enel -0,8% and on other utilities: A2A -1,8% Snam -0,3%. Telecom Italy loses 0,6%, down 1,3% for Mediaset -1,3%. In luxury, the decline of stands out Ferragamo (-2,3%). Bucking Yoox (+ 0,2%).
