Once the disappointment over the failed launch of the QE bis has cleared up, the markets take note of the signals, however expansive, launched by the ECB. This consolation, together with the prospect of a US-Mexico agreement on tariffs, favors the rise of the stock markets pending the data on the American labor market arriving in the early afternoon. salt Business Square +0,9%. Frankfurt +0,7%. In April, Germany's industrial production recorded the sharpest decline in the last four years, -1,9% month on month. The German central bank has revised its 2019 GDP estimates downwards and 2020. The best price list is Paris +1,4%. Madrid and London +0,7%.
It reduces it spread at 264 basis points, the lowest for a month. The yield of the ten-year BTP falls to 2,4% from 2,48% while the downward thrust of the Bund traded to -0,23% weakens, albeit slightly.
Il Petroleum accelerates, in the aftermath of the summit between Russia and Saudi Arabia. Brent at 62,8 dollars a barrel, +1,8%. WTI crude oil at 53,5 dollars +1,7%. In Milan Eni + 0,7% Tenaris +1,1%. leap of Saipem +2,8% in the wake of the 6 billion dollar contract in Mozambique. JP Morgan today raised its target to 5,5 euros.
In the spotlight Mediaset +2,41% which will hold an extraordinary board of directors today. The board should address issues related to corporate restructuring, including the Spanish subsidiary whose share in Madrid marks an increase of 9% and has been suspended by the Spanish Consob pending a note. The creation of a vehicle under Dutch law to group the holdings, including that of Prosieben Sat.
Banks recovering since yesterday: rises around 1% Mount Paschi e Bank Bpm. Up too Unicredit + 0,78%. Intesa Sanpaolo +0,6% and Where's Banca + 0,6%.
Generali +0,44%. On July 15th, the company will exercise the early repayment option on perpetual subordinated debt securities worth 50 million euro. The operation is in line with the strategy announced in the industrial plan, which envisages a reduction of the debt of 1,5-2 billion by 2021. .
Little move fca -0,2%, while criticisms and background on the failed wedding with Renault emerge. Retouch the historical record Ferrari + 1,6% Cnh Industrial +0,8%. Rising sharply Juventus + 4,4%.
The rally continues Rest + 1,2% after the meeting with investors in London to present the business plan.
