After a successful start, Business Square turns in the red and mid-morning leaves more than half a point on the field. The other main European Stock Exchanges moved little: London and Frankfurt oscillate around parity, Paris loses 0,24%.
Pink shirt from the list is Finmeccanica (+4,6%). After an initial burst Mediaset gains 1,13%. Sales on Telecom (-1,9%), the worst stock on the Ftse Mib, with Kepler cutting the target price to 0,85 euro. Also declining Banco Popolare (-1,69%) And Azimuth (-1,48%).
Lo spread between Btp and Bund it travels around 280 basis points.
The Exchange of Tokyo it closed up by more than 3%, at its highest level in three weeks, buoyed by the idea that the Fed is in no hurry to reduce economic stimulus measures and after the positive signals from the macro data of the United States and Japan.
Japanese May consumer prices, which were stable year-on-year, stopped falling for the first time in seven months. Industrial production rose by 2% compared to the previous month, the fourth consecutive increase, which highlights how the recovery in exports is supporting industrial production and the whole economy in general. The figure is better than consensus forecasts at +0,2%.
The weak yen helps export-related stocks such as Toyota Motor, Sony Corp and Nikon. Panasonic climbed more than 6% after the group sold about 60% of its assets to pay down debt. The Nikkei finished up 3,51% at 13.677,32 points, the Topix up 3,19% at 1.133,84.
Also Hong Kong (+ 1,5%) and Shanghai (+0,9%) are rising again pending the Chinese statistics for the weekend, which will show the extent of the economic slowdown.
In great effervescence US price lists: the S&P500 which gains 0,77% to 1.613,86 and is one step back, minus 4%, from the highs of May. the Dow Jones up 0,62%, again above 15 thousand. The Nasdaq gains 0,76%. All 30 Dow Jones blue chips are on the rise.
Macro data show that America is in excellent health: sales of new homes rose by 6,7% in May; personal income grew by 0,5%, much better than analysts' expectations of 0,2%; weekly requests for subsidies amounted to 346 euros, against 354 in the previous week.
