Business Square it revises the 22 mark under the impetus of the German economy. In Milan, the index rises by 1,2% over 21.900 points, better than Frankfurt (+0,9%), protagonist of a lively extension at the beginning on the wave of positive news on the macro front. Industrial orders in May grew by 2,6% on the previous month against estimates of 1,1% and -1,6% (revised) in April. On an annual basis, the increase is 4,4%, much better than the estimates, stuck at +1,7%. Previous figure -0,1%.
The push from across the Rhine is also felt a Paris (+ 0,6%) and Madrid (+0,9%) but above all on the euro, up by half a percentage point close to the maximum in three weeks at 1,1711.
The Chinese currency is also improving, pending US duties on made in China. The yuan offshore was stable at 6,6466 to the dollar, moving away from the 11-month low seen Tuesday at 6,7344, thanks to reassuring statements from Yi Gang, governor of the People's Bank of China (Pboc).
The spread between BTPs and German Bunds stands at 237 points. The differential rate rises to 2,70%. Investors are awaiting today's expected speeches from some ECB central bankers. Paris has just announced that it has placed 8 billion 0,67-year Oats at an average rate of 4,76%. Spain, on the other hand, assigned XNUMX billion in government bonds.
Brent oil corrects slightly down by half a point to $77,6 a barrel. Eni +0,18% to 16,78 euros. This morning Barclays raised its target price to 19 euros from 18,50 euros. Credit Suisse has revised it slightly to 18,20 euros from 18 euros. Saipem -0,18%.
At Piazza Affari Generali stands out with a gain of 2,3%. The company started the sale of 89,9% of Generali Leben in Germany, a company valued at up to 1 billion euros, with total expected revenues of up to around 1,9 billion.
Fiat Chrysler rises by +4,1% to 16,86 euros and is among the best stocks today, benefiting from a possible step backwards for the United States on tariffs against European cars. Ferrari + 2,3%. Brembo +1%. Good also on the Dax bmw (+ 5%). Daimler + 3,8%. Volkswagen + 3,6%.
Chips are even better. Retrieve StMicro (+2,7%). On the Dax Infineon + 2,4%. Siltronic + 3,4%.
Robust rise for the FTSE index of Italian banks which today gains 1,7% to 10.430 points.
Unicredit advances by a generous 2%, Understanding + 1,7%.
In the first two places of the Eurostoxx Banks index, in terms of performance, there are two Italian stocks since the beginning of the year, FinecoBank +19% (today +1,78%) and Bper +13% (today +0,98%), while German teas are in the last two places Deutsche Bank (-39%) and Commerzbank (-38%). A breath of fresh air could come to dispose of NPLs more calmly. The government has formally notified Brussels of its request to extend by a further six months the guarantees that the State offers to banks on their impaired loans, the so-called Gacs (Guarantee Securitization of Bad Loans).
Always down the Luxury. Salvatore Ferragamo (-2,3%) And Moncler (-1,6%) have worsened since the start and are confirmed as bringing up the rear of this session.
In the rest of the list have a good day for Asthma (+ 4,6%), biesse (+ 3,4%) and Bank Ifis (+ 3,2%).
Mondadori +0,9%. The CEO Ernesto Mauri said that the second quarter is very positive in terms of profitability and will therefore lead to a better first half than the corresponding half of 2017.
