The matching opening of Wall Street further encourages European stock markets, which end a session with a fractional rise. London earn 0,6%; Paris +0,34%; Madrid + 0,63%. Frankfurt e Zurich, together with other continental squares, have instead remained closed for the feast of Pentecost.
Business Square it rises by 0,61%, reaching 20.484 points, with well bought banks. During the session, his enthusiasm faded a bit fca, which gains 1,73% in any case, with the reappearance of some possibility of a future with Renault (+2,59% in Paris) following the openings of the French government. Out of the main basket it flies Mediaset (+4,23%) with the rearrangement which will lead Alfa and the Spanish subsidiary Mediaset Espana (-5,27% in Madrid) to merge into the Dutch newco MFE (Media For Europe).
The session is volatile but finally positive also for the Italian secondary. Macro data was discouraging, especially industrial production in April fell more than expected, -0,7% compared to March, -1,5% year on year. The BTPs, after feeling the pinch in the morning, however changed sign in the second part of the session. In the end, the 2,36-year yield is XNUMX% and lo spread with the Bund it cools down to 257.70 basis points (-0,73%). On the other hand, the political front remains hot with the meeting in the evening between Prime Minister Giuseppe Conte and his deputies, Matteo Salvini and Luigi Di Maio before tomorrow's CDM on the security decree. Conte renewed his resignation threat and warned the two leaders about the risks of an excessive debt procedure by the EU and its consequences on government bonds. Finally, after the markets are closed, the details of the Treasury on Thursday's medium and long-term auctions are awaited,
THEeuro it loses slightly share against the dollar, retreating from the highs for two and a half months reached last week and the exchange rate moves in the 1,131 area. The US price lists and the greenback celebrate the agreement reached with Mexico on immigration and the narrow escape of duties. An all-out Donald Trump then believes that it is in the interest of the Chinese to find an agreement on trade matters and returns to zero in on the Fed, defining it as "destructive". The theme is that of cutting the cost of money: the policy of the US central bank aimed at not cutting interest rates, according to Trump, is "harmful".
Among the raw materialsgold the return of risk appetite suffers a bit and falls back to 1328,44 dollars an ounce. Unsure the Petroleum, with Brent at 62,66 dollars a barrel (-1%) and the very volatile Wti, now at 53,85 dollars a barrel (-0,570).
The oil stocks of Piazza Affari close in no particular order: salt Tenaris +3,21%, which has various plants in Mexico; the positive phase of Saipem continues +1,76%; in slight decline Eni -0,29%.
They rank among the biggest gains of the day Bpm bank +3,74%; Ubi +3,32%; Bper +3,14%; Unicredit + 2,22%.
Recover Telecom + 3,19%.
They lose ground Enel -1,07%; Moncler -1,07; Campari -1,03% Italgas -0,84%.
