Business Square takes the path of purchases in the final and closes positive, +0,36% (19.874 points), despite the weakness of financial stocks and the uncertainties about the future of the government and relations with Brussels.
After the announcement in the morning of Prime Minister Giuseppe Conte's press conference (who will speak in a few minutes), the bond market has also changed sign: the spread, which started in fourth place at 290 points, instead stops down at 277.40 (-3,24%) and the 2,58-year rate of return falls to 2,66%, from XNUMX% on Friday. The prime minister must say "important things" after markets are closed and probably what matters for investors is that he finds a way out of the uncertainty and political vetoes between the majority forces, even if this were to result in the end of the 'executive yellow-green.
In the stock market, sales penalize the Juventus, -2,74%, with Maurizio Sarri who at the moment seems to be the man closest to the Juventus bench. Bad Bpm bank -1,55%; General Bank -1,33%; Finecobank -1,34%. Fiat Chrysler loses 0,75% after new requests from the French government on the conditions for the alliance with Renault: Hiroto Saikawa, CEO of Nissan, has opened negotiations to discuss a complete revision of the industrial alliance still underway between the Japanese group and Renault to also include FCA.
Purchases pour up Diasorin, +4,1%, after the purchase recommendation from Bofa, which raised the target price to 111 euros. Prysmian gains 2,38%; Leonardo +2,34%. Oil stocks are in full swing: Saipem +2,27%; Tenaris +2,61%; Eni +1,77%. Thanks, in part, to the rise in crude oil prices, even if the trend is now in the red: Brent -0,81%, 61,49 dollars a barrel; Wti -0,21%, 53,39 dollars a barrel.
The script is similar in other European squares, while Wall Street travels mixed with the Nasdaq down due to A (-6,07%) And Amazon (-4%). Google's parent company pays for the rumors relating to the launch of an antitrust investigation in the US and the fiery debate on the size of large technology groups and the potential need to spin them off.
Frankfurt 0,56% salt; Paris +0,65%; Madrid +0,2%; London + 0,32%.
On the currency front, the dollar it is at a four-and-a-half-month low against the yen and at its lowest level in two months against the Swiss franc as fears over President Donald Trump's trade stances heighten.
Also 'euro it strengthens against the greenback, with the exchange rate in the 1,12 area, but investors remain cautious on the prospects of the single currency, with data relating to the manufacturing sector in the euro area contracting in May for the fourth month in a row. The decline in the dollar favors gold, which rises to 1318,03 dollars an ounce (+0,96%).
