While waiting for the US macro data in the afternoon, prudence returns European lists. Milan goes negative in the middle of the day and accentuates the drop to -0,9% weighed down by the banks while the spread remains stable at 281 points. The other European lists also move weakly below parity: Paris -0,65%, Frankfurt -0,27%, London -0,15.
The successful start had been favored by Use macro data better than expected and from indications from Bill Dudley, governor of New York Federal Reserve on future moves by the Central Bank which have allayed fears of an automatic stop to stimuli. The positive closure of the Nikkei, up 3,51% after the good data on industrial production in Japan, did the rest, especially after the launch of the hyper-expansive measures by the Boj.
On the macro data front in Italy theIstat Producer prices were still down in May: Producer prices of industrial products fell 0,1% month-on-month and 1,0% year-on-year in May, the third month of consecutive trend declines, a pattern that confirms a state of deflation. In Germany, retail sales in May were more than expected: the index, adjusted for seasonal effects and inflation, recorded a growth of 0,8% after -0,1% in April (data revised for the better from -0,4%). Economists were expecting a +0,4%. The market is now looking at the Chicago PMI and the University of Michigan Confidence Index.
A Business Square Banco Popolare -3,28%, Fondiaria -3,19%, Unicredit -2,36%, Ubi -2,35%, Azimut -2,32% are down.
Reduces Finmeccanica earnings which after a leap of more than 5% rises by 2,37% in the wake of the agreement reached with the unions for the reorganization of the subsidiary Selex and the contract worth over 322 million obtained from the Thales Alenia Space Italia joint venture. Mediaset rises by 1,9% after Credit Suisse's upward revision of earnings estimates and after the request of the Attorney General of the Cassation for a recalculation of the compensation requested from Fininvest in favor of Cir as part of the ruling on the Lodo Mondadori.
Tod's +1,3%, Atlantia +0,48%, Diasorin +0,45%. Impregilo rose by 3,74% after a leap of +5% and trades changed hands beyond the daily average of the last month, following the plan presented yesterday by Pietro Salini which aims for a turnover of 7,4 billion in 2016 and a one billion ebitda.
Campari loses 0,36%. The group has signed an agreement to acquire the assets of Copack Beverage A Limited Partnership, Australia's leading beverage bottler specializing in the packaging of canned and glass beverages for €14,2 million at the current exchange rate
