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Stock market: Buzzi stands out after the US plan, utilities are hurting

Piazza Affari recovers after a few weak sessions and closes at 25.500 points. In addition to industrialists, banks are good. US inflation continues to rise but below expectations

Stock market: Buzzi stands out after the US plan, utilities are hurting

Piazza Affari is also in the sign of Biden. The big floor on infrastructures of almost 1 billion launched by the American president and approved by Congress has in fact given a boost to the securities of the sector, even the Italian ones such as Buzzi Unicem, WeBuild but also Cnh Industrial, Prysmian, Falck and Interpump. Enel however, which will also play a role in the match, ends up in negative territory. Another utility, Hera, is the worst stock in the main basket, losing around 1%, while Terna is the second worst stock on the energy front. industrial stocks, especially Buzzi who is the best ever with almost +4% and Cnh allow the Ftse Mib index to close in positive territory (+0,35%), after a series of rather weak sessions. Banca Mediolanum and Banca Generali also stand out among the best stocks, but in general the banks are well tuned: all in positive except for Bper. Leonardo approaches 7 euros per share after today delivering the new latest generation HH-139B helicopter to the Air Force.

After yesterday's records on Wall Street (which also opens higher today, with the Dow Jones immediately gaining half a point), the day is prudent also for the other European lists, with Frankfurt and Paris, however, doing worse than Milan, both closing around parity. Oil resumes its ascent, approaching the highs since October 2018 with WTI at 73,7 dollars a barrel and Brent resisting above 75 dollars, actually moving towards 76. Gold is approaching 1.790 dollars an ounce , while the euro appreciates against the dollar, touching 1,2. The Btp Bund spread rose slightly, closing at 107 basis points. In the USA inflation continues to rise also in the month of May, marking a +3,9% on an annual basis, the highest growth rate since 2008, when however consumer prices were inflated by the rally in oil, which had reached a value of 150 dollars a barrel. However, today's figure is lower than analysts' expectations, which confirms the prudence of central banks, including the ECB, in evaluating the phenomenon without concern.

Returning to Piazza Affari, out of the main basket it should be noted that Acea has obtained a loan of 12 million euros with the Promisces project, which was the winner of a call of the European Horizon 2020 program dedicated to the achievement of the objectives of the Green Deal. Meanwhile, the rally continues Italian Wine Brands, the wine group listed on AIM which is still earning after the +5% of the session on Thursday 24 June, and exceeds the 40 euro threshold. Compared to March 2020, when the pandemic started, the share value has quadrupled.

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