The week of the European price lists starts in red, which close a session conditioned by the new outbreaks of Covid in Germany and by the expansion of the epidemic at an impressive rate in the rest of the world. On the Stock Exchange Frankfurt, -0,75% also weighs the new collapse of Wirecard, -45,7%, after the board of directors admitted that 1,9 billion euros in the balance sheet "very probably do not exist", a sensational fact that recalls the Parmalat crash and which deals a severe blow to German credibility.
Business Square it lost 0,71% and fell to 19.478 basis points, penalized by the coupon detachment of many blue chips and which impacted the main index by 0,31%. It's about Snam (-5,94%), Terna (-6,07%), Leonardo (-3,05%), Exor (-0,86%), Post (-1,78%), stm (-2,11%), Telecom Italy (-0,05%). With regard to the latter, Prime Minister Giuseppe Conte argues that strengthening the state's share through CDP up to 25%, to consolidate the project to build a single fiber optic network in Italy, as proposed by Beppe Grillo, "is a good idea, it's one of the paths we're evaluating even if I can't give concrete solutions right now".
Worth noting is the pyrotechnic debut of Interpump +6,25% and Inwit +3,02% on the Ftse MIb. Also among the biggest gains of the day Diasorin +1,97% and Amplifon + 1,93%. fca it appreciates by 1,66%, pending the announcement of the government go-ahead for the 6,3 billion euro guaranteed loan. Atlantia it yields 1,99%, weakened by the timing of the decision on the concessions which "will arrive as soon as possible", according to Conte. Banks in decline with Mediobanca -2,88% and Ubi -1,84%. Consob's ruling on the Ops of should arrive within days Understanding (-0,14%).
The seat is weak a Paris -0,62%; Madrid -0,92%; London -0,76%. Volatile Wall Street, which started in the red, then flipped a couple of times and is now trading slightly higher. The Nasdaq is the driving force, thanks to stocks such as Apple (+1,7%) which trades around historical highs despite the closure of many shops.
The climate remains uncertain overall, sensitive to Covid and macro news. In Europe, consumer confidence rose in June by: +4,1 points, in the Eurozone (reaching -14,7 points); +3,9 points in the EU (-15,6). The European Commission says so, signaling that, while remaining below the long-term average (-11,1 points in the euro area and -10,5 points in the EU), the flash estimate indicates that the recovery of the index continues found in May. On the other hand, however, the vice president of the ECB, Luis de Guindos recalls that “the eurozone is experiencing an unprecedented contraction. After the sharp drop of -3,6% for GDP in real terms in the first quarter, an even more marked contraction of -13% is expected in the second quarter”. A rebound is expected in the second half, even if "the speed and extent of the recovery are extremely uncertain".
THEgold therefore remains a winner and trades around 1773 dollars an ounce, the highest since 2012. The Petroleum. The Brent contract expiring in August 2020 is worth 42,61 dollars per barrel (+1%).
On the currency market theeuro it strengthens against the dollar, with the exchange rate around 1,125.
Italian paper is well bought. The spread between 10-year BTPs and Bunds it drops to 176 basis points (-2,89%) and the yield on the Italian 1,28-year bond falls to XNUMX%.
