Modest drop this morning for all European Stock Exchanges. Business Square leaves about 0,6% on the ground. Better Paris (-0,2%) And Frankfurt, which approaches parity. Weigh the strength of the dollar which this morning exceeded 1,14 for the first time since March, also in the face of continuous attacks by Donald Trump on the Fed. A speech by the president of the US central bank is expected today, Jerome Powell.
THEgold continues to be the great protagonist, thanks to a scenario of very low interest rates and geopolitical tensions. This morning the yellow metal gained 0,9% and reached 1.433 dollars an ounce, the highest for six years.
The Minister of Economy, Giovanni Tria, reiterated that the government sees no obstacles to a agreement with the European Commission to avoid infringement proceedings for excessive debt.
Sold out in first end-of-month Treasury auction. The maximum amount, ie 3,25 billion euro, was placed. In particular, 2,2 billion Ctz and 648 million Btpei were placed. The fifth tranche of the Ctz maturing in 2021, for 2,25 billion, was absorbed at an average yield of 0,431% with a drop of 38,7 basis points compared to the placement of 28 May. This is the lowest level since March.
On the secondary, the ten-year BTP yields 2,19%, spread to 251 basis points, +5 bps.
Always under pressure German ten year anniversary to -0,305%. According to BofA, the yield on German securities is destined to fall further and reach -0,40% by the end of the year. The expectation of increasingly expansive measures by the ECB and the growing risks for the euro area will increase purchases of German bonds.
Il Brent it slid down 0,7% to $64,5. The wtf -1%. Sales prevail despite US sanctions against Iran which shot down a US drone last week. "We will continue to increase pressure on Tehran until the regime abandons its dangerous activities."
Among the blue chips, sales prevail, more concentrated on the banking sector.
Ubi (-1,3%) denies having an interest in Carige: "The conditions are not there," said CEO Victor Massiah. Even the ad of bpm (-0,17%), Giuseppe Castagna, rejected the first proposal of the Apollo fund. It will touch to the Deposit Guarantee Fund open the parachute for the Genoese institute.
Unicredit (-0,5%) put a possible offer on Commerzbank on hold as the German bank does not want to engage in talks too soon after merger talks with Deutsche Bank collapsed, sources familiar with the matter said .
The first Olympic medal Risanamento was awarded (+8,9%). L'awarding to Milan-Cortina of the 2026 Winter Olympics could also favor stocks such as Atlantia (-1,43%), Rest (-1,04%), Coima RES (+ 1,80%), Fiera Milano (+ 1,44%), Marr, nexi (-1,84%, which debuted in the main basket yesterday) e Salini (+ 3,7%).
To report Inwit (+1%), update the historical record. Jefferies upgrades Judgment to Hold.
Trevi -4%, on historical lows. The Trevi family allegedly asked to redo the company's board of directors, contesting the zeroing of the capital before the recapitalization of 130 million euros.
