Stock markets in prudent rise but banks down in the first stages of the opening session of the second half of the financial year. In the absence of Wall Street's compass, Milan goes up by 0,08% around 21.400 points. Same variation for Frankfurt on the day of first German trade deficit (-1 billion in May) of the last thirty years.
Stock market, banks down. Milan rises but Europe cautious
Better London and Parisi +0,9%- The spread is increasing to 189 points, the BTP sees the yield go from 3,10% to 3,16%, in parallel with the German Bund from 1,23% to 1,275%. Futures on the 3-year BTP posted a gain of +191% over the past week, the best result in the last four months. The spread is at XNUMX points. Concerns about a slowdown in global economic growth have outweighed fears about a sharp increase in the cost of money which, according to some operators, is already well priced in current yields.
Worsening sentiment, Sentix index predicts recession
The sentiment of European investors is much less optimistic, according to what theSentix index. The data is the worst since May 2020 anticipating an "inevitable" recession in the 19 eurozone states. “The energy crisis … is leading to considerable economic distortions,” Manfred Huebner, managing director of Sentix, said in a statement. “In every area, the dynamics are similar to the crisis year of 2008: what was then the collapse of the financial system is now the risk of a collapse in Europe's energy supply", he added.
Piazza Affari: Diasorin stands tall
It stands at the top of the Italian price list Diasorin +3% also driven by the positive effects of the operation Exor which announced the purchase of 10% of the capital of Institut Mérieux, holding company of the group controlled by the Mérieux family, through a reserved capital increase, with an investment of 833 million euros as part of a long-term partnership agreement . CNH Industrial rose by +1% in the Agnelli stable, even if Goldman Sachs cut the target price to 14,2 euros and Ferrari +1,5%; Jefferies raises the judgment to Hold. Target price at $180
