Profit-taking session in the Old Continent and overseas on Wall Street, thanks to the fading of the Fed effect and the wait for the Brexit referendum. Ireland, Luxembourg and Cyprus are i European countries that according to S&P are most exposed to Brexit. The verdict is based on a sensitivity index developed by the rating agency which takes into account exports to the United Kingdom, foreign direct investment, financial factors and migratory flows. However, the analysis does not reflect the potential consequences on the financial and foreign exchange markets.
The new also affects sentiment Mario Draghi's call to governments: the president of the ECB once again underlined the importance of European governments changing the expected structural reforms. The Ftse Mib closed down by 0,81%, London -1,10%, Frankfurt -1,25%, Paris -0,97%. The Btp-bund spread closed stable at 135 basis points with a yield of 1,39%.
Oil's rise stops with Brent dropping 0,74% to 52,12 and Wti 1,19% to 50,62. The better data of the estimates on the claims for unemployment benefits was not enough to give new impetus to the overseas lists: the initial claims for unemployment benefits fell by 4 to 264. Even wholesale inventories in the USA were better than expected, which for the second month in a row grew in April to a ten-month high: +06% against expectations of +0,1%.
The dollar strengthens with the euro/dollar exchange rate falling by 0,63% to 1,1328
In Piazza Affari after three days of rallying profit-taking affects Saipem -2,09% despite the news of the new drilling contracts and extension of existing contracts for a total of 150 million euros.
However, at the bottom of the Ftse Mib is Buzzi Unicem -4,14%, Yoox -3,44%, Leonardo -3,18% and Unipol -3,07% and Banco Popolare -3,03% which it leaves behind the sprint of the first days of the capital increase.
In evidence on the Fste Mib we find Bper +1,89%, A2A +0,63%, Prysmian +0,46%, Moncler +0,7% after Equita advised "buy".
Unicredit on standby (-0,31%) on the day of the Board of Directors on the renewal of the CEO: the choice of the profile of the new CEO is on the table.
Telecom closes down by 1,39%. However, the company remains in the spotlight on the news that the European Central Bank has purchased the bonds issued by the group and on the ferment that the telecommunications sector is experiencing, after Vodafone and Sky announced a plan to merger in New Zealand to create an integrated telco-media hub.
