Another small step backwards for the euro, now on its way parity with the dollar. The single currency trades at 1,0072 against the US currency, a new low for twenty years. Maybe you talk about it Christine Lagarde, guest in the afternoon of the meetings on the economy of Aix en Provence. The novelty, however, does not shake European lists too much, which have not moved much while waiting for the data on American jobs, the last important appointment of the week. The reactions to it were also modest disappearance of Shinzo Abe, the inventor of the sub-zero interest rate policy, probably the victim of an attack by the extreme right.
Stock market: euro falling, spread rising
The yield of XNUMX-year BTP drops to 3,22%, -6 basis points. The spread is around 201 points pending US data: a change in non-farm wages of 268.000 is expected, from 390.000 last month. Unemployment is expected to remain stable at 3,6%: Each of the six million unemployed in the United States has almost two vacant jobs.
Wall Street futures negative, Milan rises with three Blue Chips
Wall Street futures are also negative due to the assassination attempt on the former Japanese prime minister, the father of Abenomics, as were European lists at the start, held back by the downward correction of raw materials. Milan, however, rose at 12 by 1% thanks to the push of various blue chips.
Corre Leonardo +3,7% that together with Cdp, Tim and Sogei exercised the right of first refusal in the context of the European tender for the establishment of the national cloud, awarded in the first phase to the consortium Fastweb and Aruba. Oddo upgraded the rating to Outperform, with a target price of €12,50.
Follows Stellantis +1,3% which closed the redundancy agreement in Italian plants.
At the top of the list figure Saipem +11,5%, at the third robust rebound (Thursday +24% and Wednesday +7%), triggered immediately after the end of the stock exchange trading period (July 5th). The 2 billion euro capital increase is starting to be successful because Saipem has entered into a guarantee agreement with the pool of banks, which have undertaken to subscribe the new unsubscribed shares at the end of the unexercised auction , up to a maximum total amount of approximately 1,120 billion. The company was awarded an extension of office for a variety of jobs from Barents Blue Partners. The plant engineering company is among those called to develop a project for the use of gas extracted from the Barents Sea, in the production of blue ammonia, that is, with the capture of the CO2 emitted.
Positive Stm driven by the excellent results of the Taiwan giant TSMC which recorded revenues of 175,8 billion in June, against expectations for 158 billion.
Slightly down Telecom -0,25% after the presentation of the new industrial plan which envisages proceeding with the separation of the network by overcoming vertical integration with the possibility of enhancing the assets of NetCo and EnterpriseCo guaranteeing financial flexibility to the Group
It yields Italian post office -3%: Ubs cuts recommendation to Neutral.
Still to be reported buzzes +3,2%. Barclays cuts the target price to 18 euros.
Prismian +1,6%. Goldman Sachs reduces the target price to 40 euros.
