Milan ends timidly positive +0,19%, 20.760 points, with Finecobank in dust (+2,32%), well-tuned utilities and fashion in sharp decline. The European context is weak, pending the British elections (Thursday) and with the nightmare of terrorism always lurking. In the afternoon, a man attacked a policeman in the churchyard of Notre Dame cathedral in Paris.
The market in London, -0,01% is facing the approaching deadline and the risk of stalemate with a certain aplomb, with a substantial tie between Conservatives and Labor. Deutsche Bank and Citigroup, on the other hand, foresee a 'bear' phase (strong declines) in case of victory of the latter, which would be even "worse than Brexit". Frankfurt opens the week in deep red, after yesterday's Pentecost feast: -1,04%. Paris also down -0,75%, with Edf under fire after stopping a 910 Mw nuclear reactor at Gravelines on the English Channel. Flat Madrid, -0,05%, despite Banco Popular -6,21%. Standard & Poor's excludes that the banking group's difficulties could infect the entire sector in Spain.
Wall Street opens lower, for the second day in a row, even as the Nasdaq tries to move into positive territory. Google, at the beginning, remains above the threshold of 1000 dollars per share, while Apple tries to rebound after yesterday's -1%.
Another negative day for the Qatar Stock Exchange -1,56%, in the aftermath of the halt to diplomatic relations by Egypt, Saudi Arabia, the United Arab Emirates and Bahrain. The markets of the other countries in the area, such as the Emirates (-0,54%), Saudi Arabia (-0,45%) and Oman (+0,11%) did not move much.
Oil appears to be stemming the bleeding: Brent $49,47 a barrel, unchanged. However, gold attracts investors looking for safe havens and climbs 1,25%, climbing to 1293,955 dollars an ounce. Euro slightly ahead of the dollar: +0,13%, cross 1,127.
Two days after the ECB meeting, with investors' ears keen to perceive whether Mario Draghi will use less accommodating tones, the Italian paper is losing share compared to the morning. The 2,25-year yield rises to 199.40%. The spread with the German Bund at 1 points. Meanwhile, according to Reuters, the rumor that had been circulating on the markets for a few weeks is taking shape: the Treasury is preparing a new thirty-year benchmark, the March 2048, XNUMX bond to be placed "in the near future" through a banking syndicate.
Utilities posted a good performance on the Ftse Mib: A2a +1,86%; Enel +1,4%; Italgas +0,46%; Snam +0,84%; Terna +1,18%. Eni remains buoyant +0,79%, even if it loses some ground compared to the morning. Banks close in no particular order: Bper -1,53% and Banco Bpm -1,58% lose above all; while Unicredit +0,52% and Ubi +0,54% gain. Azimut down -1,28%, while Banca Generali showed little movement +0,04%, despite the excellent performance of funding in May. The Trieste management company reported positive net flows of 669 million (+54,5% compared to May 2016).
The Agnelli galaxy closes in black and white with Ferrari at +0,87% and Fiat -0,72%; Exor -1,3%. Fashion dismisses a flaming red seat: Moncler -1,83%; Ferragamo -0,83%; Ynap -2,89%. Strong sales on Saipem -1,54%; Stm -1,49%. Cnh rebounds +1,02%.
