They are heading towards an all-sprint finish in the wake of Wall Street and the Asian price lists. The index Ftse Eb advances to Piazza Affari dello 0,8% approximately over 21 points. Does best of all Frankfurt +1,3%, projected to the new historic rhyme by the performance of car stocks, ahead of Paris and Madrid, both +0,9% . More cautious London +0,25% awaiting the last sprint before the elections, but yesterday the City reached a new all-time high during the session.
In Europe especially the banks and automotive companies, oil and mining sales linked to Donald Trump's scrapping of climate deal.
The euro is little moved on the euro at 1,112.
The ten-year BTP strengthens, whose yield drops to 2,21% from 2,23%. The spread with the Bund is stable at 192 basis points. The differential with the ten-year Spanish Bono is 67 basis points, we are close to levels not seen since 2012.
Everything seems to lay down for a grand finale of the week: the monthly US employment statistics for May are arriving in the afternoon. Expectations are for an increase in non-agricultural employees of 185.000 units after the +211.000 jobs in April, but an increase in estimates cannot be ruled out, given that yesterday's data on new jobs in the private sector, considered a prodrome of the non-farm payroll, exceeded expectations, highlighting the creation of 253.000 jobs.
Il Brent oil is down 2% to $49,6 a barrel. Crude reversed course last night after Donald announced he was canceling the climate deal Trump. The possible removal of environmental constraints could lead to a further increase in the already very high production of crude oil in the United States.
Il the worst sector is the energy sector, which includes companies in the oil&gas but also in the renewables sector: it lost 0,71% after President Donald Trump yesterday announced the US withdrawal from the climate accords.
Eni loses 1,12%. Saipem + 0,06%. Tenaris + 0,15%.
Vestas, the Danish wind energy producer, lost 2,56%, and is on course to end its worst week in six months.
In Milan they stand out instead Ternienergy +4,72% and Falck Renewables + 2,87%.
Some industrial stocks shine in Milan: Prysmian rises by 3,23%, the title reacts to the Buy of Goldman Sachs. The investment bank reports several consolidation opportunities in power cables that are expected to generate more cost savings. Leading among the potential targets of the former Pirelli is Nexans (enterprise value of 2254 million euros, followed by the Americans General Cable and Southwire.
Automotive stocks shine in Europe (+1,9% the sector index). The shares Daimler, BMW and Volkswagen which rise between 2,07% and 2,36%.
At Piazza Affari Fiat Chrysler +1,07%, Ferrari +1,72%.
Also prominently featured Maire Tecnimont which recorded an increase of 3,1% in the wake of the 3,9 billion euro order in Russia.
Telecom Italy greets with a raise1,2% the arrival to the presidency of Arnaud de Puyfontaine. Salt too Mediaset + 1,2 %.
Good pitch for finance. salt Unicredit + 2,01 %, Understanding Ubi Banca +2,10%. Even better Bank Bpm +2,94%.
The possibility is widening that some private entity will enter the Venetian banks operation. There are reportedly four private equity funds ready to invest in non-performing loans: Atlas, Centerbridge, Warburg Pincus and Baupost.
Among asset management companies, Azimuth + 2,04% Banca Mediolanum +1,2%, Banca Generali +0,63%. Italian post office +0,47%: in the newspapers there is talk of the company's involvement in the rescue of the Veneto banks.
To be noted again: Atlantia gains 1,7%, all-time high. Among the utilities, Italgas +1,96%, Snam +0,39%.
in luxury, Ferragamo + 1,7 %
