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Doubts about Conte premier relaunch the stock market and reduce the spread

A breath of fresh air for Piazza Affari and for the Btp-Bund spread after the reopening of the games on the future Lega-Five Star government which give President Mattarella more room for maneuver – Brembo, Fineco, Saipem and Azimut lead the rebound in a very Volatile – Spread below 180

Doubts about Conte premier relaunch the stock market and reduce the spread

Piazza Affari accelerates in the final and closes up, +0,54%, 23.216 points, after a volatile afternoon and in a well-tuned European context thanks to the boost from the automotive sector. Well Frankfurt +0,7%; Madrid +0,72%; London +0,23%; flat Paris + 0,05%. Wall Street opens positive, but at the moment travels contrasted with the Dow just below parity. Markets rewardor the trade truce reached by the USA and China, with the latter intending to lower import tariffs on vehicles from 25% to 15% starting July XNUMX, even if Treasury Secretary Steven Mnuchin confirms US tariffs on Chinese steel and aluminum.

Il Petroleum picks up again, buoyed by a possible drop in Venezuelan production and a decline in Iran's exports. Brent exceeds 80 dollars a barrel, reaching 80,36 (+1,44%).

THEeuro it remains in the 1,178 area against the dollar.

The tension on the government bonds Italians, while the governments of France and Germany are asking the future Italian executive to keep EU commitments and to be pro-European. In the meantime, today the leaders of the yellow-green formation being formed, Di Maio and Salvini, met again, perhaps to resolve the knot of the minister of the economy, while at the Quirinale the name of Giuseppe Conte is still being reflected on for the Presidency of the Council and, after today's controversy over the professor's curriculum, the Di Maio hypothesis at the helm of Palazzo Chigi reappears.

The 2,34-year yield falls to XNUMX% and lo spread narrows to 177.40 basis points (-1,61%) after yesterday's high jump. In Piazza Affari, financial stocks catch their breath. The best is Finecobank, +3,26%. Azimut raises its head +2,38%, after the slide on the eve with the dividend detachment. Well Unicredit +2,43%. In the automotive sector it stands out Brembo +3,33%. salt fca + 1,66%.

Among oil-related stocks, the session is good for Saipem +2,55%, which has gained 27,1% since the beginning of the month.

On the Ftse Mib the biggest drops of the day are by Moncler -2,73%; Prysmian -1,66%; Buzzi -0,8%; Pirelli -0,76%; Ferrari -0,7%.

Outside the main basket they shine Creval +5,36%, which he announced the incorporation of Credito Siciliano, and Bim +4,53%, while Ps yields 0,71%.

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