Seat in swing for Piazza Affari which opens positive, goes into the red in the afternoon and closes in a draw, -0,04%, 20.928 points. The other European markets were more tonic, with Frankfurt up by 1,25%, after reaching a new all-time high during the day. For the rest: Paris +0,47%; Madrid +0,23%; London +0,05%. Wall Street travels to new records, despite worse-than-expected job data and the new oil slump. Analysts predict that the American central bank will in any case proceed with an increase in the cost of money as early as the June meeting.
The US employment report in May shows that non-farm jobs created are fewer than expected, but the unemployment rate is at its lowest since May 2011. The news, released in the early afternoon, slows down the run of European stock markets and weakens the dollar , losing share against the euro and the yen. At the moment the exchange rate between the single currency and the greenback is 1,126 (+0,49%). The price of oil falls after Donald Trump's decision to call America out of the Paris agreements. "This could lead to a 'free-for-all' on US drilling and we could also see other signatories having second thoughts about their commitments," Oanda analyst Jeffrey Halley told Reuters. Brent -1,34%, 49,95 dollars a barrel. Gold goes up: +0,78%, 1275,81 dollars an ounce.
Italian bonds remain under pressure, on a day with thin volumes due to the holidays. The ten-year yield is at 2,26%, while the spread with the Bund is at 198.90 points (+3,06%). The higher-than-expected increase in GDP in the first quarter is good news, as observed by the deputy general manager of Bank of Italy Salvatore Rossi, but it is not "a fantastic growth" just "a little better than it seemed".
In Piazza Affari, Prysmian stands out, +3,76%, after the promotion from neutral to buy by Goldman Sachs with a high target price of 27 to 30 euros. Recordati +3,55% is also well bought today, which archives a week of growth of 5,5%. On the other hand, energy sources suffer: Eni loses 1,47%; Enel -1,09%. Among the banks, only Bper turns sharply negative -1,26%. Sitting in the red also for Unipol -1,34%. Fashion travels in no particular order: Ynap -1,26% and Moncler -1,1%; Ferragamo +1,77%.
Atlantia is still running +1,6%, ever closer to realizing its projects with Abertis. Seat still in shape for Italgas +1,17%. Well Mediaset +1,64%, engaged in a complaint to Agcom against the tender for television rights 2018-2021 of Serie A. Fractional increase for Telecom, +0,48%, after the appointment of Arnaud de Puyfontaine as president, while the crux of the 29,9% stake in Vivendi nel Biscione remains to be clarified. Well Stm: +1,1%. Profit taking on Fiat -0,36%, after yesterday's performance; purchases instead rewarded Ferrari +1,84% and Exor +1,1%. Brembo drops 1,07%.
