European price lists in no particular order, at the end of an interlocutory session, waiting to understand what will happen today and tomorrow in Brussels, where the EU Council, seeking mediation on the Recovery Fund and the '21-'27 budget.
Business Square ends the week in further slight progress, +0,31%, 20.419 points, together with Frankfurt +0,31%. It does better London +0,63%, while they remain behind Paris -0,31% and Madrid -0,45%. News comes from Spain that, in Catalonia, the Covid alert has returned and that the authorities are inviting the citizens of Barcelona to stay at home, although it is not a real lockdown. On the other hand, while India is about to reach one million infections, the United States in 24 hours marks yet another record of cases, over 77 thousand, with infections on the rise in 30 states. A more than worrying picture, which contributes to an uncertain trend on Wall Street. It collapses Netflix, -6,66%, after the quarterly reported yesterday evening and despite the better-than-expected results. Forecasts for subscribers weigh heavily, with growth destined to stop in the second half of the year. Dusting blackrock, +3%, the largest investment firm in the world, which recorded a quarterly profit up 21% to 1,2 billion dollars, beating forecasts.
There is some optimism in the currency market about theeuro, which is trading higher against the dollar at 1,143. The markets expect the heads of government to take some steps forward in Brussels even if they are unlikely to reach an agreement. According to the Dutch premier, Mark Rutte, "the odds are just under 50%" that an agreement will be found today, but the leader of the so-called frugal countries does not rule out success at the end of hard work. The positions remain distant and perhaps, to make Europe or die, we still need some time, perhaps another meeting in July next week. In the meantime, even the Italian secondary is not moving much: lo spread between 10-year BTPs and Bunds with the same duration, it rises by 0,56% to 164 basis points, while the yield on the Italian security remains unchanged at 1,17%.
Among the raw materialsgold starts to rise again and moves above 1812 dollars an ounce, while the Petroleum looks with concern at the spread of infections in the world and, after having digested the downsizing of production cuts, is moving in fractional decline. Brent futures, delivered in September 2020, trade at around 43 dollars a barrel (-0,8%).
The weakness is also reflected in the oil stocks of Piazza Affari: in particular Tenaris -1,2% ed Eni -0,92%.
At the bottom of the list is Moncler -2,24%; bad Cnh -1,9% ed Exor -1,94%.
Purchases reward instead stmicroelectronics, +2,39%, after the two small acquisitions announced yesterday, "to strengthen the offer of STM32 microcontrollers which is enjoying excellent commercial success", a broker told Reuters. Toned Interpump + 1,83%.
In cash the utilities: Enel +2,11%; Snam +1,8%; Terna +1,69%; Italgas + 1,55%.
Among the banks it is appreciated Ubi, +1,18%, in the hope of a raise by Sanpaolo agreementor (-0,41%). Meanwhile, the Monte di Lombardia Foundation has adhered to the offer of the bank led by Carlo Messina on Ubi shares. He writes it "ilSole24ore.com“, according to which the board of the Foundation chaired by Aldo Poli would have unanimously decided to give Ops its 4% stake in the capital. The news – says il Sole – comes on the day when even the major Brescia shareholders of Ubi Banca broke the delay and joined Intesa Sanpaolo's Ops. The president of the Shareholders' Union, Franco Polotti, spoke to the 'Giornale di Brescia': "We are in favor of joining the Intesa proposal - says Polotti - Covid has imposed new reflections consistent with history, style and value". At the same time, however, "in the light of the market trend, I am convinced, indeed certain, that Intesa is very clear that in order to reach a majority of 66,67%, it must reconsider the economic proposal in order to win convinced support".
Slightly declining Ps, -0,57%, after vigil gains. The Board has appointed Mediobanca (-0,65%) as financial advisor to evaluate the strategic alternatives available to the Sienese institution.
