Closing up for the European lists, with Business Square in the pink jersey +1,69%, to 19.447 points, thanks to the banks. It also improves it slightly spread: 180 points, -0,63%, with a 1,29-year Italian rate of XNUMX%.
in the rest of the continent Frankfurt salt of 1,19%; Paris +0,73%; Madrid +1,35%; London +1,01%. After the decline in the Asian markets, still in the wake of the black friday of Wall Street and in the grip of the pandemic which has exceeded ten million infections worldwide (with 500 deaths), the climate has therefore changed in Europe, thanks to economic sentiment, which improved markedly in May and June. The ESI indicator, published by the EU Commission, grew by 8,2 and 8,1 points respectively. The most significant increases were recorded in France (+9,4), the Netherlands (+8,3), Spain and Italy (both +8,2). The indicator of employment expectations (EEI) also made clear progress: +12,7 points in the Eurozone, and +11,9 in the EU-27, while in Germany there was a rebound in inflation in June with 0,9 .XNUMX% per annum. Furthermore, German Finance Minister Olaf Scholz expressed full support for the European Central Bank's aid programs for the Eurozone, judged "well proportionate".
“In our view, the Bundesbank has the right to continue to participate in their implementation,” Scholz wrote in a letter to the president of the chamber of deputies, in response to the recent ruling by the Constitutional Court, which was critical of the proportionality of the quantitative easing. Another step towards a more supportive eurozone and a framework that is pushing the single currency higher. The exchange rate with the dollar is around 1,125.
Fitch's growth estimates improve slightly. The rating agency confirms a 2020% contraction for Italy in 9,5, but corrects that of 2021 upwards from +4,2% to +4,4%. The 4,6 forecast for the global economy remains unchanged at +2020%, while for the Eurozone it drops to -8% from -8,2% previously anticipated; forecasts for 2021 unchanged, +4,5%.
Finally, BlackRock Investment Institute has announced that it has upgraded the recommendation on European equities to "overweight", in the wake of the reopening of the economies that the continent will benefit following the total shutdown for the coronavirus.
On the other side of the Atlantic, Wall Street is in tune and seems intent on rebounding after an uncertain start: the Dow Jones is up 1,5%. The Nasdaq is further behind, +0,3%, with Facebook and Twitter penalized by the suspension of advertising by some large advertisers such as Starbucks, Coca-Cola and Diageo, because the two social networks would not do enough to limit racist posts and the so-called " hate speech”, i.e. comments that fuel hatred and discrimination.
A certain amount of uncertainty remains in the air due to the still very active Covid outbreaks in the US and other areas of the globe, so much so that the Vix index which measures expected volatility is up 35 points. However, the news of the green light for administering a vaccine to the military army comes from China. The biotech company CanSino would in fact have received approval from the Central Military Commission for the first large-scale administration of its vaccine called 'Ad5-nCoV'. This experiment will last a year, even if the number of subjects involved is not known "for reasons of commercial privacy".
In progress the raw materials: thegold it travels around 1782 dollars an ounce, while oil, like Brent, is up 1,1, at 41,38 dollars a barrel.
Piazza Affari celebrates the positive news with the banks: Bpm bank, +5,99%; Unicredit +4,43%; Mediobanca +4,45. Out of the main manners Ps, +3,19%. Today there was a board meeting to examine the spin-off plan for a portfolio of 8-9 billion euro of non-performing loans, significantly reducing the risk facing the Sienese institute and potentially facilitating its integration with a other banking institution.
In cash too Cattolica Insurance, +7,93%, after the shareholders' meeting approved the 500 million euro capital increase over the weekend, of which a 300 million tranche will be reserved for Generali, while today a board meeting was held on date of the meeting for the transformation of the Veronese company into a joint stock company, to which the entry of Generali is subject. The earliest useful date for the meeting, writes Reuters quoting a source familiar with the situation, is 28 July.
In rallies Trevi, +9,76%, following the interview of Donato Iacovone, president of Webuild, with L'Economia del Corriere della Sera. When asked about Trevi's possible role, he said: 'Progetto Italia's purpose is to create a major player capable of competing on an international scale as well. Astaldi was the first step. Trevi is one of the possibilities, but as always, the will of the parties is needed and rather than adding up the turnover, we need to identify the synergies to create value".
The Agnelli galaxy is still in evidence among the blue chips starting from Exor, +3,83%. Shine, among the oil stocks, Eni: +2,72%.
Sales among the big names are limited to a few titles. Diasorin -0,89%, the worst after the group and the San Matteo Polyclinic Foundation in Pavia presented an appeal to the Council of State on Friday to request the annulment of the Tar ruling with which the agreement was canceled on June 8 between Diasorin and San Matteo on serological tests. The Tar's decision came after the appeal of the competitor Technogenetics of Lodi. Slight discounts for Amplifon -0,42%; Snam -0,19%; Campari -0,05%.
