The jump in consumer confidence in the US pushes the S&P index to a new intraday record. In Europe, however, the disappointment with the German Ifo index conditioned the session and the main stock markets closed without momentum: Paris and Frankfurt snatched +0,06% and +0,17% respectively, London lost 0,02% and Milan lost 0,28%. The Btp-bund spread closes at around 156 basis points. The day after tomorrow, the Treasury will offer 7,5 billion 6-month BOTs at auction, against maturities of 8,8 billion. Tonight with the markets closed via XX Settembre instead communicates the details of the medium-long auctions on Friday, in the context of which the new 5-year benchmark should be launched provides for an offer of up to 5 billion five-year BTPs, up to 3,5 billion ten-year bonds and up to 1,5 billion Ccteu. Returning to Germany, the Ifo index, which monitors the confidence climate of German businesses, fell in June to 109,7 points from 110,4 in May, disappointing expectations which pointed to a slight drop to 110,3.
In the United States, the conference board's consumer confidence was surprising, rising to 85,2 points in June, exceeding the May survey (82,2) and above all the estimates of economists, who had forecast more contained growth, at 83.6 points. There was also a leap for the sale of homes in the US, which grew by 18,4% in May, beating analysts' estimates. The figure shows an increase of 19,6% on a trend basis. This is the largest increase since 2008. Instead, the index on manufacturing activity released by the Richmond Federal Reserve fell more than expected, recording a drop of 3 points from 7 in May.
After this series of macro data, the euro fell slightly against the dollar to 1,3590 (-0,11%) also influenced by the statements of Charles Plosser, governor of the Philadelphia Fed and voting member of the Fed, who does not rule out possible monetary tightening already in the third quarter of 2014. Crude oil remained stable, however maintaining its nine-month high in the wake of the Iraqi events. Wti oil rose by 0,09% to 106,27 dollars a barrel and Brent traded around 114,5 dollars (+0,39%).
In Piazza Affari the index is weighed down by the banks. Once again it is MPS, under a 5 billion euro capital increase, that ends up at the bottom of the Ftse Mib with a drop of 13,3%. Unicredit -2,4%, Banco Popolare -2,3% and Intesa -1,8% are also doing badly. Among the worst Buzzi Unicem -1,9%. In the red Cerved -1,96% on the first day of listing. The luxury of Ferragamo +2,1% and Tod's +1,3% shines. Tenaris rose by 1,6%, Fiat by 1,6% and Atlantia by 1,4%. The stock benefits from the agreement in France of the subsidiary Ecomouv on the eco-tax.
Outside the main list, TXT e-Solutions continues to fly (+5,6%). In a letter addressed to shareholders, the chairman and major shareholder of the company that makes software for clothing and luxury companies, Alvise Braga Illa, said that he and other major shareholders have resumed buying the stock on an ongoing basis.
