Play it again Mario. The European markets are clamoring for Mario Draghi to sing, for the last time, the "whatever it takes" that preceded the launch of the Qe and the rescue of the euro. On the wave of this hope, the European Stock Exchanges are traveling in positive territory, starting from the lists of the periphery more sensitive to announcements on Tltro loans. Piazza Affari rises by 1,1% over the 20.300 mark, in line with Madrid. Paris and Frankfurt rose by 0,6%. London +0,6%.
While awaiting Draghi's press conference, the euro appreciates against the dollar at 1,124 (+0,2%). The spread it is 273 basis points for a ten-year BTP yield of 2,45%.
On the day of withdrawal of the FCA offer on Renault the automotive index is up by 0,2%. Down there is only Renault -6%, all other components go up or are on parity. Fiat Chrysler canceled the -3% at the start of the session, now the stock is slightly up. Peugeot +2,5%. Meanwhile, union sources reveal that Ford will close its plant in Bridgend, Wales, in September 2020. The closure will lead to the loss of 1.700 jobs. In Milan Exor drops by 0,6%, Ferrari +1,2%; CNH + 1,12%.
The banks are doing well, waiting for the signs from Frankfurt: Unicredit + 1,5%. Intesa Sanpaolo + 0,8%. Where's Banca + 2,5%.
Banca Popolare di Sondrio +1%. Fitch cuts its long-term credit rating. Salt too Monte Paschi Bank +1%, which has started procedures to get rid of 500 million euro of non-performing loans (Unlikely to Pay). Bpm bank +0,8%, concluded the last phase of the Ace project, with the creation of the NPL management platform.
In the managed well Italian post + 1,5%. Azimuth -1%. Ubs has cut the rating to Sell. salt nexi +1,5%, which enters from on Monday 24 June in the Ftse Mib index, goes out General Bank -0,7%.
The march of utilities continues: Enel + 1,5%. A2A + 1,4% Italgas + 0,68%.
The oil companies are also doing well: Saipem + 1,3%. Eni + 1,3%.
Live us Salvatore Ferragamo + 3 e Leonardo + 2,6%. Mediaset +1%. The subsidiary ProSiebenSat.1 has announced the creation of a joint venture with RTL Group.
