Weak stock markets in Europe at the end of a session all gold and silver, with futures of precious metals skyrocketing, while the revival of the single currency continues and the Italian secondary confirms itself in tune. Business Square loses 0,28% and remains clinging to the 20 points (20.019), despite the crash of Ubi (-8,82%) on the eve of the expiry of the offer launched by Understanding (-0,77%).
It's flat Frankfurt, while they are in fractional decline Paris -0,34% and Londonto -0,3%. It makes its own story Madrid, -1,68%, intimidated by the increase in Covid cases which have led countries such as Great Britain to quarantine those arriving from the Iberian peninsula. Weak tourism and travel. It goes into a dive Ryanair in London (-3,85%), following the results of the first quarter of the fiscal year 2020-2021 (as of June 20) with a net loss of 185 million euros due to the impact of the pandemic. The Dublin company had closed the same period of the previous year with a net profit of 243 million euros.
On the other hand, the disease continues to expand to a worrying extent and WHO points out that cases worldwide have practically doubled in the last six weeks. Hardest hit is still the US, though Wall Street, after a cautious start, proceeds into positive territory and appears to be betting, with Modern (+7%), on the arrival of a vaccine quickly. The company has entered phase three of the experimentation and the experimentation of the anti-Covid serum on 30 thousand volunteers begins today. Technology stocks are also strong, supporting the Nasdaq pending quarterly results. It starts again Tesla after the stop of the last sessions. We also look at the economic aid plan that will be presented today to Congress by the Republicans. White House economic adviser Larry Kudlow said the $1.200 trillion bill would include a second round of $600 in stimuli for Americans, while $70 in weekly subsidies, Treasury Secretary Mnuchin said will be replaced by a contribution equal to XNUMX% of wages.
The American stock market continues to grow, while the dollar retreats, weakened by the US-China cold war. on the contrary theeuro remains on a positive trail, after the agreement on the Recovery Fund and trades at 1,175 against the greenback, appreciating by around 1% also against the Swiss franc.
The weakness of the dollar favors thegold, more and more the center of attention and purchases. A new historical record was reached today at 1941,65 dollars an ounce. At the moment the precious metal is below that goal, over 1935 dollars.
Gold, gold, gold, but also silver, which grew 7% to $24,383.
Weak the Petroleum: Brent, October 2020, drops 1,6% moving around 43,10 dollars a barrel.
Looking at the main stocks of Piazza Affari: Diasorin, +4,98%, scores a great recovery after the pressure in the last few sessions due to the investigation by the Pavia prosecutor's office.
Money up Atlantia, +4,83%, following the rumors that emerged over the weekend on the requests of the Tci activist fund to the Treasury and on the news that are emerging in relation to the reorganization of Aspi's capital.
Bene Moncler, +2,32%, which has decided to directly manage its e-commerce channel with the aim of doubling the weight of online business over the next three years.
Italgas, 2%, after the half-year with revenues up by +6,1% to 646,8 million euros, from 609 million in the first six months of 2019, in line with the Bloomberg consensus.
The declines are led by Ubi, in view of the conclusion of the takeover bid scheduled for tomorrow. Starting today, those who bought Ubi shares could no longer contribute them to the offer and this caused the interest in the title to cease.
Overall, the banking sector is weak: Bpm bank -3,79%; Unicredit -1,37%; Ps -4,63%.
Male Telecom -5%, in a telecommunications sector which discounts the quarterly reports of Kpn and Vodafone; Leonardo -3,48%.
spread still down to 146 basis points (-1,37%), with a yield on the 10-year BTP remaining below 1% (0,98%).
