The great fears of the European price lists arrive from overseas and from across the Channel, which close the week in the red in the wake of the negative opening of Wall Street, after the disappointing American data on the labor market and services, and the growing fear for the outcome of the referendum on the permanence of the United Kingdom in the European Union, which does not seem to be taken for granted by reading the latest polls.
Business Square closed at -1,53%, Paris -0,99%, Frankfurt -1,03%, London +0,39%. Milan is therefore the worst and the sales hit once again above all the banks: Banco Popolare, Mps, Bper and Unicredit all lose more than 4% (Banco Popolare -5,18%) and are the four worst stocks in the Ftse Eb, together with Exor which also loses 4%. Another stock in the Agnelli galaxy, CNH Industrial, went against the trend, benefiting from a positive report by Goldman Sachs on American agriculture and closing with a gain of more than 3%. Snam +0,2% and Campari +0,06% are also saved. Unchanged Ferragamo.
Out of the main basket, the exploit of the day is del EEMS group, which gains 6,6%. The company, established in 1994 following the spin-off of the activities of Texas Instruments Italia and one of the first operators worldwide in the assembly, testing and finishing of semiconductor memories, has almost doubled its value since the beginning of the week Stock Exchange (+92%).
The coolness on stocks translates into purchases of government bonds with yields on US ten-year bonds at one-month lows and close to the lows of 2016 (at 1,714%). Yields on the Bund also fell to 0,074% (0,05% the April 2015 intraday record). The BTP-Bund spread it is practically stable at around 135 basis points, while the euro strengthens against the dollar, breaking even 1,13 and reaching the highs of the last two weeks: it touched 1,135 dollars during the day.
The unencouraging signals from the US are not limited to a lower than expected increase in new jobs: even the services activity index in May in the US turned out to be below estimates. The Petroleum during the day it exceeded 50 dollars a barrel, but then dropped towards the end and Brent closed at 49,6, with the Wti at 48,7.
