After a weak start, European stock markets expanded their gains encouraged by Wall Street and by the rumors of an unblocking of the Greek situation reported by Bloomberg. Milan is the best stock exchange in the Old Continent and gains 2,5%, followed by Frankfurt +2,4%, Paris +1,75% and London +1,13%. On Wall Street, the Dow Jones rose by 01,43% and the Nasdaq by 1,38%.
From the Greek front, possible glimmers towards a release can be glimpsed. As reported by Bloomberg, Germany could be satisfied with the commitment made by Greece on at least one of the reforms wanted by the creditors to free up funds. At the same time, Angela Merkel's spokesman reported that the German chancellor will do everything possible to ensure that Athens does not abandon the euro, but the country must respect the conditions, adding that "if Athens needs talks, we will meet them".
In the morning, the EU Commission spokesman had declared that the latest indications presented by Greece "do not reflect the state of the discussions that took place between President Juncker and Prime Minister Tsiprtas last Wednesday and between Commissioner Moscovici and the Greek Finance Minister on Monday" , showing the state of tension between Athens and the European Commission.
The Btp-bund spread drops to 128 basis points. Today the Treasury has placed it in auction 12-month bots for €6,5 billion at a yield of 0,061%, from 0,027% in mid-May, the highest yield achieved by Bots one year after the March auction.
The Italian industrial production was disappointing, which marked an unexpected setback by falling by 0,3% in April compared to March (after two consecutive increases), according to the seasonally adjusted index measured by Istat.
Netflix is in the spotlight on Wall Street today hitting a year high and an all-time record on continued global expansion plans. The euro-dollar exchange rate was stable at 1,1291, up 0,07%. WTI oil rose by 0,76%, Brent by 0,48%.
Banks and luxury rise in Piazza Affari. Yoox +5,79%, Moncler +4,17%. Ubi Banca +4,28%, Bpm +3,83%, Intesa Sanpaolo +3,61%. At the bottom of the Ftse Mib, however, there is no other MPS bank -0,71%. Sales also on Buzzi Unicem -0,53%, Wdf -0,3% and Stm -0,20%.
