Piazza Affari and the other European stock exchanges rebound after yesterday's flop in the wake of Brexit. Today the best price list is precisely the Italian one, which by mid-morning gained more than 4% bringing the 16.000 points closer, after yesterday the Ftse Eb he had left almost 4% on the field. Around 10,30, none of the stocks in the main basket appear to be in negative territory: as expected, the banks are dragging along, in particular the Popolari with Ubi advancing by 10% to 2,66 euros per share, after yesterday the bank said no plans no capital increase, but a net profit of 730 million euros in 2019 and 870 million in 2020. In the meantime, this year the dividend will be at least equal to last year's, while in terms of cuts in 2017 there will be 2.750 redundancies.
Mediobanca, Bpm, Unipol, Unicredit, Mps, Intesa Sanpaolo also earn around 8-9%. Yesterday almost all of these stocks had lost 10% or more. Much more timid the reaction of Yoox Net-à-Porter, which is up just 1% after losing 9% yesterday, with investors evidently still wondering about the impact of Brexit on the company's accounts. Telecom Italia is also running, earning 6%, FCA +4,4% after yesterday it had left another 6,22% on the ground also due to Goldman Sachs forecasts for the next three years.
Good too other European lists, but with more contained increases: Paris gains 2,67%, Frankfurt 2,18% and Madrid 2,79%. London marks a progress of 2,2% and Athens rebounds by 3,5%.
On the currency front, the British pound is taking a breather, rising against the US dollar to 1.333 and now worth 1.202 euros. It also reduces it Btp Bund spread which last week approached 200 basis points: today in mid-morning it is set at 154 basis points. Oil, on the other hand, rose sharply: both WTI and Brent recorded more than +2% and revised the 50 dollars a barrel area, exceeding 47 and 48 dollars a barrel respectively. Energy stocks benefit from this: Eni, Snam and Saipem earn around 3%, a little less than Tenaris on +1,2%.
On the macroeconomic front, not exciting news on the consumer and business confidence. In June, according to Istat, the consumer confidence climate index recorded a decrease, following the one already recorded in the previous two months, falling to 110,2 from 112,5 in May. The deterioration also affects businesses, with the composite confidence climate index decreasing to 101,2 from 103,0.
