The month of July closes with a new rising session for Business Square, +0,49%, who wears the pink jersey in Europe and is beginning to savor the possibility of reaching 30 basis points (today's final figure of 29.644). Without paying too much attention to the slowdown in economic growth of the country (-0,3% in the second quarter compared to the first, but +0,6% in trend terms) investors concentrated above all on the banks, after the excellent results in the ECB's stress tests. It then stands out above all the blue chips Leonardo, +3,66%, at the end of a two-sided session, weak at the start (after i accounts released on Friday markets closed), but then growing, with analysts positive on the future and on the strategic guidelines drawn up by the CEO Roberto Cingolani, while the new industrial plan is being prepared and will see the light at the beginning of next year.
Europe thwarted; Wall Street in slight progress
In the rest of Europe the picture is mixed.
In the euro area Paris rises by 0,29%, while Frankfurt is slightly negative, -0,12%. Amsterdam it dropped 0,29%, with Heineken beer (-7,35%), which fell through due to the disappointing half-year results. Lose 0,42% Madrid. Off the bat it is little more than flat London, + 0,6%.
The positive closure in Asia and the slowdown in inflation in Euroland (as expected) they provided modest support overall. According to Eurostat, in July prices were in line with expectations (+5,3% from 5,5% in June), even if core inflation is hard to die (+5,5%, against expectations of +5,4 .6%). Also in Italy inflation falls to 6,4% from XNUMX%.
On the other hand, the GDP of the Eurozone did not disappoint, rising in the quarter by 0,3% against expectations of +0,2%.
Meanwhile, overseas, Wall Street is timidly positive in the first hours of trading, with S & P 500 e Nasdaq started to close the fifth consecutive month higher and the Dow Jones trying to score the 13th consecutive day of gains. It would be the longest streak since 1987.
Oil and gas soar; flat euro-dollar
Commodities are on the rise gold e Petroleum. Spot gold appreciates about 0,5% above $1968 an ounce.
Oil, like Brent, marks +0,56%, 85,47 dollars a barrel; Texan crude grew by 1% to 81,4 dollars a barrel.
The leap is sustained for the gas in Amsterdam, which appreciates by almost 8% to 27,85 euros per MWH.
On the currency market theeuro it remains around 1,1 against dollar.
The banks support Piazza Affari
Banks are almost always the most important protagonists of the Ftse Mib. Today they shine on the main list Unicredit + 2,52% Bpm bank + 1,34% Ps + 1,2% Understanding + 0,75%.
Also the title went well nexi, +0,95%, while among the utilities they stand out Erg +1,87% and A2a +1,91%. In energy they are in evidence Eni +1,66% and Tenaris +0,87%, but Saipem loses 1,62%.
Among the loss-making blue chips there are also Inwit -1,76% Interpump -1,43% Pirelli -1,36%.
However, it is among the mid caps that the most massive declines are encountered. In particular, De Nora Industries loses 6,8%, after half-yearly data which show that in the period it recorded a profit up by 17,6% on an annual basis to 46,7 million euro and revenues up by 2,4% to 420,4 million (+4,1% at constant exchange rates).
She managed to recover instead Saras, +0,58%, which after the presentation of the half-year results had dropped to -6,5%, showing a decrease in revenues and profits due to the ongoing contraction of refining margins.
Stable spreads
Stable closure on the secondary market: lo spread between ten-year BTPs and Bunds of the same duration, it stops at 163 basis points (-0,68%), with rates respectively indicated at +4,09% and +2,46%.
