On the woolen thread Piazza Affari resets the decreases of the week. The index of Milano gains 1,34% to 19.764, ahead of Madrid +1,15% and Frankfurt +1,07%. Well too Paris +0,9% and London + 0,8%.
A wall street, the clue S & P500 is up 0,2%, the Dow Jones by 0,5%. The Nasdaq instead it loses 0,2%
The Istat data contributed to favoring the minirally on industrial activity which in May showed an economic rebound far beyond expectations. The increase was 42%, a very strong improvement from the -20% in April. The consensus was expecting +24%. But Bankitalia has updated its estimates on the Italian economy, slightly cutting that on the 2020 GDP fall, now seen at -9,5% in an epidemic scenario under control.
Meanwhile, the march towards the summit on the Recovery Fund, set for next weekend, continues. This morning the President of the European Council Charles Michel presented the proposal for the long-term EU budget, worth 1.074 billion euros, and for the recovery fund, worth 750 billion, to stimulate the European economies hit hard by the pandemic." It will be a negotiation very complex – said Michel – but we must aim for a transformation of Europe, which must be more robust and greener”-
Lo spread it widens to 174 pending Fitch's pronouncement on the Italy rating. By late April, the agency had reduced the rating to BBB-. Meanwhile, the subscription of Btp Futura has closed: a total of 6,12 billion have been subscribed, perhaps less than what the Treasury expected.
It bounces Atlantia +2,13% waiting for decisive weekend. Reuters reports that the government has asked the company to work over the weekend on a new proposal that takes into account all the elements provided by the public: tariffs, compensatory resources, penalties in the event of non-compliance on maintenance and controls and the corporate structure. The ministry wants the Benettons to take a step back on Autostrade per l'Italia, the Ponzano Veneto family would be willing to go below 50%, under certain conditions
Vola stm +5% on the wave of the excellent results of the American Microchip Tech, flooded with orders to the point that the chip maker has warned customers that delivery times will be longer than expected, even if the production facility is busy .
Avanza Enel +1,2% which, he reports Reuters, extended talks with Macquarie for the sale of the stake held in Open Fiber. Salt too Tim +0,8% which proposed to CDP to invest in the secondary network in the face, writes Bloomberg, "of the government's concerns about the investment of the US private equity giant Kkr in Tim's last mile". The state fund of Kuwait also entered the match.
The banks recover: Unicredit + 2,3%. BPER Banca + 3%.
Uphill finish also for Diasorin + 0,3%. Ferrari + 1,5%. nexi + 0,7%.
Molmed it soared by +11% after the Japanese AGC communicated that the government's decision to use golden power, with the imposition of a series of conditions, does not constitute grounds for suspending the tender offer in progress.
