Egypt in chaos and Lisbon in crisis, without forgetting the evergreen Greece, are causing havoc on the markets which do not find reassurance even on the macroeconomic front: signals have arrived from China that reinforce fears of a slowdown with the non-manufacturing PMI index in June measured by HSBC falling to 53,9 points, the minimum in nine months ; from Brazil, comes the nightmare recession after a fatal report by Nomura.
In this picture However, Milan manages to mitigate the decline by recovering the losses in the final and leaving 0,54% on the ground supported by the good performance of some blue chips while the Btp bund spread rises to 286 basis points, discounting the tensions on peripheral securities after the Portuguese 8-year bond jumped to a yield of 1,08%. In fact, the other European lists did worse: Paris -1,03%, Frankfurt -1,17%, London -1,56% and Madrid -XNUMX%.
A Wall Street, which ends its session today at 19 pm Italian while tomorrow is closed for the July 4th holiday, the Dow Jones rises by 0,48% and the Nasdaq by 0,3% despite some contrasting macro data: the Ism index of the services sector it surprisingly dropped to 52,2 points in June from 53,7 in May, while analysts expected an improvement to 54; the trade balance deficit in May increased to 45,03 billion dollars, 12% more than in April (-40,15 billion) and well above economists' expectations. Jobless claims were down more than expected to 343 and the private sector created more jobs than expected. Now the market is looking to the comprehensive jobs data to be released on Friday by the US Department of Labor.
Ithe euro dollar exchange rises to 1,3009 (+0,23%) and WTI oil leaps by 2,28% to 101,87 dollars on tensions in Egypt.
To support the Ftse Mib are some securities: Tenaris climbs 5,5% thanks to the news of the complaint against the producers of nine countries for unfair competition filed with the US authorities together with other operators; Mediaset rises by 5% after announcing, for the first time in almost two years, a change in the trend of advertising sales, expected to rise by 3% in July. Finmeccanica it is up by 0,32%. Indiscretions indicate Gianni De Gennaro as president, who would have got the better of Giuseppe Zampini. At the bottom of the Ftse Mib Gtech lost 4,95%, A2a -2,7% and the financial companies Ubi Banca -3,1%, Fondiaria -3,4% and Bper -2,3%. Overall on the banking sector, in addition to the tensions on the spread, a bad day weighs for the European sector after the cut of the rating of Deutsche Bank, Barclays and Credit Suisse by Standard and Poor's. Unicredit -0,56%. Against the trend, Intesa +0,49% and Bpm +3,08%. Saipem -0,71% reduces losses suffered in the wake of the accident at the mouth of the Congo River. Telecom Italia yields 1,89% pending tomorrow's board of directors on the H3G dossier with the market fearing a stall in the negotiations. Outside the main Rcs list, it plummets by 33% (after the large increases of the past few days) with strong exchanges in the wake of the ballet around the capital increase, the plan and the agreement by the large shareholders.
