Four other Italian regions go blank, the Covid department of the Codogno hospital, from which it all started in February 2020, closes its doors and Istat, after other important research institutes, raises growth estimates for the two-year period 21-22 (respectively +4,7% and +4,4%). Music for Business Square, which closes the week on a high note, +0,46% and rises to 25.570 points, crossing a psychological finish line that always seemed to elude it in the final stages. Trumpet calls and drum rolls: the Ftse Eb reaches its highest level since October 2008.
Lead the blue-chip rally stellantis +2,8% and the upward start of Wall Street contributes to the performance of the Ftse Mib, where the Nasdaq rebounds and all indices move in green, while the yield on T-Bonds loses altitude and the 1,57-year bond falls to +1,63%, after having touched a peak during the day at XNUMX%. It also deflates dollar, after yesterday's charge; the euro traded against the greenback, up at 1,216. These are the effects of the awaited report on jobs in the United States, slightly disappointing on the one hand, very comforting on the other. In May, stars and stripes (non-agricultural) employment increased less than expected: 559 new jobs were created against estimates of 671. The unemployment rate is better: 5,8% against forecasts of 5,9%. Investor disappointment is more than offset by the fact that the data eases concerns about an excessively overheating economy and the resulting risk of an early tightening of monetary policy by the Fed.
The sigh of relief from New York is reaching Europe ahead of next week's central bank meetings, where investors will look for signs of a possible tapering of large government bond purchase programs. Thus, the continental lists end trading slightly up and the Stoxx 600 stops in the record zone. Bucking Madrid -0,59%, penalized by sales of bank stocks.
Among the raw materialsgold it rebounds and trades up 1,25% to 1894,18 dollars an ounce. The Petroleum type Brent travels, in fractional growth, well above 71 dollars a barrel.
In Piazza Affari, oil stocks are placed on opposite sides. Top is Saipem +2,74%, which is close to the levels of last April and celebrates the agreement for the acquisition of the assets of Naval Energies, a subsidiary of Naval Group, in the floating wind energy sector. Bottom is Tenaris, -1,49%, at the end of a largely positive octave. Fractional losses for Eni -0,57%.
Among the big shines he raises his head Diasorin +1,8%, good Inwit + 1,65% stm +1,51% and utilities.
The banks are mixed: Unicredit loses 0,77%, Bper -0,64%. Understanding +0,18%. It shines Ps + 1,29%.
He loses among the insurance companies Unipol -0,48% and remains in the window Generali, after rumors that the Trieste company has presented a non-binding offer for the asset management division of the Dutch company NN Group. According to Equita, “the transaction would be fully consistent with Generali's M&A strategy, aimed at further growth in asset management”. Outside the main basket, Ferragamo (+0,29%) is slightly moved in the light of the announcement of exclusive negotiations with the producer and distributor of perfumes and cosmetics Interparfums for the worldwide management of the perfume business of the Florentine brand. Cauta Mediaset, +0,14%, on the day in which Repubblica reports that the European Commission would be ready to launch a dispute against the Italian government regarding the law that protected the company from the "climbing" of Vivendi (-0,26% in Paris), a hitch that could hinder the peace agreement between the Alfa Romeo and the French partner, the closing of which is scheduled for July 22nd. However, the lawyers of the two parties ensure that any EU procedure will have no repercussions on the agreement.
The secondary is stable: lo spread between 10-year BTPs and Bunds with the same duration, it closed at 103 basis points (+1%) and yields fell, +0,82% for the Italian bond (-0,21% for the German one).
