While all over the world the quarterly and half-yearly quarterly accounts hold the test, the good news from the United States galvanizes international stock markets, which after the reassurances of the Federal Reserve and the publication of the latest estimates on American GDP seem increasingly convinced that nothing will be able to stop the economic recovery in progress, not even the Delta variant.
Business Square it is among the most optimistic (+1% to 25.516 points), pushed upwards by the exploits of Stm and by the purchases of Finecobank and the securities of the Agnelli galaxy. salt London (+0,9%), while Madrid earns 0,64%. More cautious Paris (+ 0,46%) and Frankfurt (+ 0,37%).
She smiles too American stock exchange with all the major indices celebrating today's economic news. The GDP estimate for the second quarter speaks of growth of 6,5%, a percentage lower than analysts' expectations, but which nonetheless shows a strong improvement in the state of health of the economy. Positive data but also below forecasts on the labor market, where requests for unemployment benefits drop to 400 thousand (from 24 thousand), awaiting the shower of resources that will arrive with the infrastructure plan desired by President Biden and armored by an agreement bipartisan in the Senate. "The deal will create millions of good jobs and make the US economy more robust, sustainable, resilient and just," the White House said. Returning to the Stock Exchange, it falls on the Nasdaq Facebook (-3,6%) after the publication of a good quarterly. For the second half, however, the company expects a slowdown in revenue growth. Below parity too Amazon, who will reveal their accounts tonight when the markets are closed. However, the attention of investors is also concentrated on debut di Robinhood. The investment platform has set the price of its IPO at $38 a share, but two hours after the start of trading it is still unable to price.
In Milan, the quarterly are the masters, with stm which closes the session with an increase of more than 5 and a half percent after the accounts for the second quarter above expectations and the new estimates for the third quarter and for the whole of 2021. Rain of purchases on Stellantis, Exor e Cnh earning respectively 3,36%, 2,7% and 2,88%. He runs Finecobank (+ 3,09%).
The banks are positive: Unicredit (+ 2%), Generali Bank (+ 1,5%), Understanding (+1,16%). Instead, it slides into the negative Mediobanca (-0,64%) which closed the 2020-21 annual accounts in profit and announced a buyback plan of up to 3% of the capital.
Negatively, despite the positive half-yearly, also Snam (-0,27%) And Terna (-0,3%). The worst headline of the day is Amplifon (-1,68%).
Outside the main segment, all eyes are still on Banca Carige which three days after its return to the Stock Exchange rises by 41,16%.
On the currency market, the wait-and-see behavior of the Fed pushes the dollar, with the euro as a share. 1,880. In the bond market, the Treasury today assigned 4,5 billion 5-year BTPs, with the yield falling to 0,02% (-10 basis points). Also assigned 3 billion 10-year Btp with a yield of 0,66% and 1,25 billion CcTeu with a yield of 0,05%. The spread rises to 112 basis points (+0,6%). The price of oil has risen, with the Brent which rises to 75,14 dollars per barrel (+0,5%).
