BANKS AND INSURANCE HOLD THE BRAKE
IN EVIDENCE ONLY ATLANTIA AND DIASORIN
The European stock exchanges recover in the final but theStoxx 600 index, after five consecutive days of gains, is down slightly: the benchmark index for the European stock market reached a five-year high on Friday.
To Piazza Business profits mainly from banks and insurance companies prevail. The index FtseMib loses 0,65% to 17.171.
On the market for government bonds, the yield on the 10-year BTP rose to 3,95%. The spread widened to 260, up 10 basis points.
London returns to positive ground at +0,02%, Paris drops by 0,29% e Frankfurt only 0,03%.
In Europe only the Madrid Stock Exchange it is weaker than that of Milan: the Ibex index loses 1,24% and the two main Spanish banks, Santander and BBVA lose more than 2%.
This morning the Italian treasure it easily placed 8 billion euro of government bonds: declining yields but not exactly exceptional demand.
On the secondary market the Btp to 10 years yields 3,93% (+5 basis points), the Bund 1,35% (-3 basis points), the spread is at 258.
It also slows down Wall Street despite the good data on consumption trends: Dow Ines -0,26%, S&P – 0,01% and the Nasdaq down 0,05%. US retail sales rose by a surprise 0,1% last month as economists expected an average decline of 0,3%. The rumors of the Wall Street Journal on the intention of the Federal Reserve to reduce the 85 billion dollar bond purchase program contribute to curbing the bullish exuberance of the market.
THEeuro it was unchanged against the dollar at 1,297 from 1,298 on Friday night, a five-week low.
Unicredit decreases by 1,35%, Intesa -1,21%, MontePaschi -2,61%. Banca Popolare closes at +0,08%.
Banca Popolare dell'Emilia Romagna drops by 2,01%: tomorrow the bank based in Modena presents the data for the quarter. Ubi-1,5%.
Banca Popolare di Milano loses 2,15%: the management board of the popular Milanese company removed the transformation into a joint stock company from the agenda of the meeting of 22 June.
Between the insurance, Generali drops by 1,16%. This morning Nomura confirmed the "reduce" judgment. Fondiaria-Sai-2,66%, Unipol -2,2%.
Among the blue chips salt Atlantia +1,2%, supported by good results, the same goes for Diasorin +1,91%, while Prysmian +1,96% recovers after the slide in recent days caused by disappointing data.
Between the mid cap, the strong increase of Maire Tecnimont continues +8,2%. Camfin earns 5% on rumors of an upcoming takeover bid to delist the stock.
Conversely, among declining stocks, the most significant movement is by Campari which lost 3,1% after announcing an alarming 25% decline in gross profit in the first quarter, caused by a 26% drop in sales in Italy.
Downhill Telecom Italy -1,63% Enel -0,74% Rest it dropped 1,57%.
among the industrial titles, Fiat earn 0,41%, Fiat Industrial -1,01% StM drops by 1,74%.
