The week opens as it closed last eighth, with a generalized drop in price lists in the wake of the new duties announced by Donald Trump on Friday. Business Square loses 0,41% and stops at 22.099 points, penalized by coupon detachment by 5 blue chips: Snam -4,27% Post -4,04%, Terna -3,12%. More contained damages for Exor -1,04% and stm -1,43%.
The seat is also in red for the other European lists. Worst Square is Frankfurt, -1,36%, where sales multiply with the arrest of Rupert Stadler, CEO of Audi (Volkswagen -3,08%) as part of the investigation into the diesel engine scandal. Investors are also worried by the political clash in the majority on the migrant issue, with Angela Merkel and her interior minister and CSU leader Horst Seehofer on differing positions. In the evening we note the meeting between the chancellor and Giuseppe Conte, while tomorrow's agenda includes the Franco-German summit that prepares the work of the European Council at the end of the month.
Fractional losses for Paris -0,93% and Madrid– 0,83%, flat London -0,01%.
wall street, after an out of tune start, it recovered from the lows, but remains, for now, in negative territory. The trade war with China is scary, but it is hoped that the diplomats will find an agreement before July 6, the date on which 25% duties on Chinese technological products for 50 billion dollars should take effect and consequently Beijing's customs tariffs on American agricultural products.
The prices of crude, which were lower in the early hours of the day, are now rising ahead of the meeting of the OPEC countries, although an agreement to increase global supply is likely. Brent 74,41 dollars a barrel, +1,32%.
The change euro dollar it is at 1,161 ara, after slipping below that threshold in the morning.
The Italian secondary closed positive, with the 2,55-year yield at XNUMX% and lo spread with the Bund down 3,24% to 214.90 basis points. Peripheral Europeans benefit from the recovery of the Greek paper on Germany, ahead of next Thursday's Eurogroup in Luxembourg. Meanwhile, there is much anticipation for the words that Mario Draghi will soon pronounce at the forum in Sintra, Portugal, after last week's announcement that the QE will end within the year, through a reduction in monthly purchases from 30 to 15 billion euros after September and that for an initial rate hike it will be necessary to wait at least until the end of summer 2019.
The climate favors a partial and small recovery of bank stocks (Understanding +0,24%; Unicredit +0,34%), but Ps loses 5,03% on the day of its debut on the Mid index.
On the Ftse Mib the biggest increases of the day are for Azimuth + 2,15% Unipolsai +1,09%; fca +0,57%; Eni +0,53%; Unipol + 0,42%.
The list of the most significant reductions includes, in addition to the titles already mentioned, also Prysmian -1,63% and Luxottica -1,55%. Out of the main basket continues the race of Reno DeMedici, +6,3%, following the announcement of the 100% acquisition of Barcelona Cartonboard, Spain's largest cartonboard producer.
