Business Square continues the week with lead feet, while Emilia-Romagna, one of the most productive areas of the country, is kneeling due to the rains incessant which have so far caused nine deaths and economic damages to be calculated, but certainly huge.
In closing the Ftse Eb it is flat, -0,01%, at 27.196 basis points, in a European panorama with little movement and with Wall Street timidly tuned into the first hours of trading. The atmosphere is more or less swampy a Paris -0,09% London -0,34% Frankfurt + 0,32% Amsterdam + 0,27% Madrid + 0,21%.
The performance of theinflation in the euro area which, in April, recovered slightly, +0,6% per month and +7% per year, against +6,9% in March. A trend confirmed by Eurostat and which suggests an ECB in the trenches in the war against the price race, with consequent effects on the economy. And the former can already be seen: in a passage from the Eurotower Economic Bulletin, for example, we read that a short-term increase in interest rates by one point "leads, other things being equal, to a drop in real estate investments in the euro area by about 5% after about three years”.
In addition, some disappointing quarterly results, such as that of, weighed on sentiment Commerzbank, which falls by 3,94%.
Wall Street, regional banks rebound
Wall Street however, he seems timidly optimistic in the American morning, cultivating the hope that common sense will eventually prevail on the debt ceiling, after the speaker of the house Kevin McCarthy said that "the positions are still distant but an agreement is possible by the weekend" . Meanwhile, President Joe Biden has left for the G7 in Japan, but will return earlier than expected precisely to sanction a desired agreement on the issue as soon as possible.
As for the different stocks, the regional banks bounce starting from Western Alliance, +13,5% which communicated a growth in deposits in the current quarter of over 2 billion dollars. On the Dow Jones shines Home Depot (+2,75%), after yesterday's crash and the banking giants appear well tuned.
The dollar goes up
The foreign exchange market is once again attracting purchases dollar, which dusts off its role as a safe haven currency, while expectations of a dovish Fed in the coming months cool down.
THEeuro it loses about 0,4%, for a cross around 1,08.
Among raw material At the moment, oil futures are moving forward, with Brent gaining 0,7% and trading at 75,45 dollars a barrel and Wti at +0,7%, 71,35 dollars a barrel.
Piazza Affari, good industry and Tim, contrasted banks
In Business Square industry titles such as Iveco + 2,09% Leonardo +1,57% (on which Akros cites the hypothesis of an agreement between the Italian and German governments in the defense sector) and Emilia Interpump, +1,38% after the excellent quarterly results presented in recent days.
It bounces Telecom +1,41%, always grappling with news and counter-news on network sales. Dario Scannapieco, president of Cdp, contributed to giving a boost today, saying that Cassa depositi e prestiti is reviewing its network offer together with Macquarie and denying that he wants to retire. Equita writes in the daily that Scannapieco's statements "do not bring many new elements to the trial".
In the oil sector they shine Tenaris +1,36% ed Eni +1,26%, while in the car sector it is in the top ten stellantis +1,01. The group has asked the government of Great Britain to renegotiate the Brexit-related agreements or else it will be forced to close its plants across the Channel.
The banks are opposed. It is confirmed in rallies Mount Paschi, +1,4%, while they are negative Bpm bank -1% and Bper -1,51%.
The scenario is also varied for asset management: good Mediolanum +1,3%, bad Finecobank -1,84%.
In the down list the worst blue chip is Diasorin -3,79%. They follow Amplifon -2,32% and Campari -2,02%.
Among the utilities it drops Ivy -1,52%, grappling with many interventions due to the flood in the reference territories.
Spreads down
On the other hand, the climate remains serene on the secondary government bond market: lo spread between ten-year BTPs and Bunds with the same duration, it fell by 185 basis points (-1,46%), with modest corrections on yields, which at the end were indicated at +4,18% and +2,33%.
