The European stock markets closed a mixed session conditioned by the utterances on duties and the cost of money by the US president, Donald Trump. Wall Street he adjusts the shot at the end of the morning, in the wake of excellent quarterly results like that of Microsoft, with the stock reaching new highs. On the other hand, the shares of companies exposed to trade such as Caterpillar and 3M, worried by the "ready" tariffs against Beijing worth 500 billion dollars, should the White House deem it necessary.
Business Square loses 0,41%, falling to 21.794 points, with Buzzi, -3,57%, back in the black jersey and the Agnelli galaxy down, while rumors about the succession to Sergio Marchionne are intensifying. The auto sector suffers at the European level, due to fears about the global trade war. Above all, it pays off Frankfurt, -0,94%; fractional decline Paris -0,35%; little moves London -0,06% and Madrid +0,01%; positive Zurich +0,57%.
Il dollar down from one-year highs reached in recent days; the euro takes advantage of this and the exchange rate is back above 1,17. The greenback's run is hampered by a new attack by Trump on the Fed, this time on Twitter: “The United States – writes the president – should not be penalized because they are doing so well. The rate squeeze hurts everything we've done. The United States should be allowed to take back what we have lost to illegal currency manipulation and bad trade deals. The debt is due and we are raising rates – Seriously?”.
Meanwhile, the Italian debt market is under pressure, closing a session with a slight recovery that started badly due to the alleged tensions in the government. The partial clearing comes with the agreement on some appointments. In particular for the new CEO of Cassa Depositi e Prestiti the name of Fabrizio Palermo is mentioned, current chief financial officer of the company; while Alessandro Rivera is indicated as director general of the Treasury. Eventually it spread with the Bund it rises to 221.70 points, +2,17%. The Bank of Italy reveals that in the phase of "flight" from the Belpaese, in May, almost 25 billion euros of Italian securities were sold from abroad.
On the raw materials front: thegold, with the dollar falling, rises to 1229,25 dollars an ounce. He doesn't know which direction to take oil instead: Brent +0,3%, 72,8 dollars a barrel; Wti -0,21% 68,1 dollars a barrel.
In Piazza Affari the best blue chip of the session is Recordati, +3,9%, promoted to "buy" by Goldman Sachs. The positive trend continues campari, +1,46%. Well Snam, +0,93%, which acquired 66% of Desfa, the Greek national gas operator, in a consortium. They go up Luxottica +0,89%, which presents its accounts on Monday, e Mediaset + 0,76%.
Evil Buzzi; they lose altitude fca -2,31% and Ferrari -2,4% dragging down the main shareholder Exor -1,97%. Below Leonardo -2,1%.
