The signal received during the day from international creditors comforts the European stock exchanges which resume their upward path and overall manage to close in positive territory. The best is Piazza Affari which rises by 0,67% and which, despite Greece, gained around 5% overall during the week. The other main European stock exchanges were more timid with the Dax rising by 0,17% and the Cac by 0,35%. The exception is London, which loses 0,79%. The Btp-bund spread closes the downside at 123 basis points.
Today a note from Greece's creditors indicated that it is possible to extend the bailout agreement by another 5 months, with the disbursement of 16,3 billion to the country needed to support Athens' commitments (by 30 June Athens must repay 1,6 billion euros to the International Monetary Fund.). German Chancellor Angela Merkel has urged Greece to accept the "extraordinarily generous" offer made by the EU, the ECB and the IMF, in exchange for a package of measures and reforms to be approved by the weekend. A proposal which, however, does not appear equally generous in the eyes of the Greek premier Alexis Tsipras, who has assured that he will continue to refuse "blackmail and ultimatums" from creditors.
Meanwhile, the ECB has left unchanged, for the third day in a row, the ceiling on liquidity available to the Greek banking system through the ELA (Emergency Liquidity Assistance) desk. The Central Bank of Greece, according to some sources, would not have requested additional emergency funding and in recent days the daily withdrawals from bank deposits have decreased.
Weak start for Wall Street which however continues to move in positive territory also reassured by the data on consumer confidence measured by the University of Michigan which rose to 96,1 points at the end of June from 94,6 at the end of May. The figure is well above the expectations of analysts stopped at 95 points. The Dow Jones rose by 0,425 and the S&P500 by 0,13%. WTI oil dropped 0,32% to 59,51 dollars a barrel and the euro-dollar exchange rate lost 0,54% to 1,1144.
Good news on the front of Italian entrepreneurial vitality: last year, for the first time after three years, "the net birth rate of companies marked a recovery" throughout Italy. This was noted by the Bank of Italy in the document "The economy of the Italian regions in 2014".
In Piazza Affari Unipolsai is in the spotlight +3,35% which shines on the last trading day of savings bonds A and B, which will be transformed into ordinary bonds from Monday. Capitalization will increase by 1,15 billion and the free float will increase. Also highlighted on the Ftse Mib are A2A +3,27%, Enel +2,83%, FCA +1,81% and Bps +1,65%.
At the bottom of the main basket Saipem -1,59%, Finmeccanica -0,5%, Moncler -0,34% and Banco Popolare -0,25%. There are two new entries on the Aim Italia list: Bomi Group, the second company in the Elite program to land on the stock market, made its debut today, and on 30 June it is the turn of Masi Agricola, known for its Amarones.
