European stock markets are seen opening slightly higher based on what futures indicate. On Wall Street, technology continues to be under special surveillance, where this time it shined Tesla with a +4,8%. But attention is also for Amazon which exceeded $2 trillion in market capitalization for the first time and enters the Top Five. TO Business Square, where this afternoon there will be the first strike of history, Eni, Campari, MSC, Enel should be followed. Some fear for MegliThis that she is not able to pay a bond of hers.
Wall Street mixed as it awaits data. Tesla and Amazon shine
Last night the main indices closed mixed. The S&P500 gained 0,16%. The Nasdaq Composite rose 0,49%. The Dow Jones closed at +0,04%. Special surveillance is given to technology stocks which, after their exceptional performance since the beginning of the year, are starting to show some hesitation. still the king of chips Nvidia yesterday rose slightly (+0,7%) for a second day after a sell-off that wiped $430 billion from its market capitalization and weighed on the broader tech sector. The broadest index of semiconductors of Philadelphia SE rose 0,5%, with micron Technology which gained 1% as we await quarterly results expected after the markets close. Apple rose 1,2% after Rosenblatt improved the iPhone maker's rating from "neutral" to "buy". Tesla, up 4,81% just below $200 per share. Also pay attention to the actions of Amazon which reached an all-time high, exceeding $2 trillion in market capitalization for the first time. The e-commerce company became the fifth US company to surpass that level (after Microsoft, Apple, Nvidia and Alphabet).
Today the market will pay particular attention at 14.30pm to the GDP data for the first quarter, expected to grow by 1,4%, from +1,30%. However, key data on US inflation will be released on Friday, useful for further indications on interest rates. The PCE price index, the Federal Reserve's preferred inflation indicator, is estimated to slow to +2,6% from +2,7%. The ten-year Treasury Note at 4,32%. Wall Street futures are down slightly.
Heavy Asia after -8% of Micron Tech. Eyes on the yen
Most Asia-Pacific stocks fell following disappointing guidance from the chipmaker Micron Tech. Although Micron's quarterly earnings beat expectations, its revenue forecast for the current quarter was disappointing. Micron fell nearly 8% in after-hours trading, weighed down by profit-taking, after the stock had risen 67% since the beginning of the year. The weak guidance on Micron has raised some doubts about the potential for demand for artificial intelligence and has also prompted investors to scoop up profits in other tech as well.
The Hang Seng of Hong Kong loses 2%. The Chinese indices CSI 300 and Shanghai Composite lost 0,5%, after data showed industrial profit growth contracted in May. The reading fueled concerns that economic growth in Asia's largest economy is slowing and that Beijing will need to implement further stimulus measures in coming months to support growth. The index is still falling Australian ASX 200 falling 1%, extending sharp losses from the previous session after a hotter-than-expected inflation reading heightened concerns about a potential interest rate hike by the Reserve Bank. Kospi of South Korea -0,4%. Taiex by Taiwan -0,4%. Sensex by Mumbai +0,3%, on a new historical record, the third in a row.
Eyes on yen which is at 160,38, a slight recovery after the low of the last 38 years reached yesterday at 160,87 against the US dollar. Investors are on alert for any signs of intervention by Japanese monetary authorities to defend the domestic currency, which has lost around -14% since the start of 2024. The widening interest rate gap between the two countries continues to disadvantage the currency of Japan. Finance Minister Suzuki said that Japanese authorities are ready to intervene to counteract the weakness of the yen.
Stock markets today June 27: what to follow today
Futures signal a slightly higher opening (+0,2%). European stock markets ended moderately down yesterday with the EuroStoxx50 index at -0,40%. and the FtseMib of Milan which lost 0,50%. Keep an eye on the CAC 40 in Paris (yesterday -0,70%) as the date of the political elections approaches. The yield of the German Bund is at 2,45% and that of the BTP at 3,99%. The Italy-Germany spread is at 154 basis points. The 3,22-year French OAT yields 78% and the Bund/OAT spread is at 1,068 basis points. The euro-dollar exchange rate at 2, at a 0,2-month low. Brent oil and WTI down 2.300%. Gold almost unchanged around 61.000 usd. Bitcoin little moved at $XNUMX.
First strike in the history of the stock exchange. This afternoon for two hours, from 15,30pm to 17,30pm, the staff of the Italian Stock Exchange and all the companies in the group - Mts, Cassa di Compensazione e Garanzia, Montetitoli - will fold their arms for the first strike in the history of Piazza Affari : however, no disruptions to the operation of the markets are foreseen. The dispute was opened by the trade union representatives - who were summoned by the Minister of Made in Italy Adolfo Urso on Wednesday 3 July - to denounce what in their opinion is a hollowing out of the competences of the group's entities within Euronext, the federation of European stock exchanges which, in addition to Milan, also includes Paris, Amsterdam, Brussels, Lisbon, Dublin and Oslo.
MSc. Gianluigi Aponte, the founder of the logistics and cruise giant based in Zurich, has presented a binding offer for the 15% held by Aeroporti di Roma (AdR) in the Genoa Airport Company, which manages the Ligurian airport.
Eni has signed a binding agreement with Hilcorp for the sale of 100% of the Nikaitchuq and Oooguruk upstream assets held by the Italian energy group in Alaska. A note from Eni says this, adding that the value of the operation will be communicated at the closing. “The operation is in line with Eni's strategy of optimizing upstream activities through a rebalancing of its portfolio and the disposal of non-strategic assets,” explains the note.
Campari. The Milan Prosecutor's Office has opened an investigation into the holding company that controls Campari, a group that is part of the FTSE MIB and is active in the drinks sector, according to several newspapers. The prosecutor's office launched the investigation after checks by the Guardia di Finanza discovered approximately 1,2 billion euros in unpaid taxes in the period 2018-2020, owed by the Luxembourg holding company Lagfin, which controls 51,3% of the shares and 38,8% of the voting rights of the Dutch Davide Campari-Milano NV.
Pirelli. He launched a five-year sustainability-linked bond (SLB). The stock was priced at 99,666. The orders hoped for 2,6 billion euros.
Prysmian Shareholders of US-based Encore Wire today gave the green light to Prysmian's acquisition of the company at a price of $290 per share.
Unicredit. BlackRock rose to 7% of the bank after canceling its own shares.
Enel yesterday completed the sale to Sosteneo Energy Transition for 1,1 billion of the minority stake equal to 49% of the share capital of Enel Libra Flexsys Srl, a company established for the creation and management of a portfolio of projects intended for regulated energy services capacity. “The operation is in line with the “Partnership” model outlined in the 2024-2026 Strategic Plan of the Enel Group, with the aim of maintaining control of strategic assets and maximizing productivity and returns on invested capital”, reads the note corporate. “The sale of the stake generates an overall reduction in the Group's consolidated net financial debt of approximately 1,1 billion, while it does not generate impacts on the Group's economic results as Enel continues to maintain control of Enel Libra Flexsys Srl and, therefore , to consolidate it entirely", explains Enel in the note released. Enel closed Wednesday's session in the red by 0,5% at 6,55 euros per share.
BetterThis. The board noted the impossibility of meeting the payment of interest and the repayment of the principal amount of the “Meglio Questo 4,75% 2022-2026” bond issued by the company for a total amount of 3,0 million within the deadline.
Exor, the Agnelli-Elkann holding company has increased its stake in Philips, reaching 17,51%, a share worth over 3,5 billion euros. Of the Dutch group, which since 2011 has chosen to concentrate in the sector of new health technologies, Exor had acquired 15% in August 2023.
Openjobmetis. The employment agency listed on Euronext STAR Milan reports that as part of the takeover bid the bidders have reached 96,56% of the share capital. At this point the delisting is close. The Acceptance Period for the offer will end at 17pm on 30 June.
Erg, a company listed on Euronext Milan and active in the production of electricity from renewable sources, has completed the placement of a 500 million 6-year fixed rate bond loan, with requests equal to over 5 times the amount of the offer and bonds offered. The bonds have a gross annual coupon at a fixed rate of 4,125% and were placed at an issue price equal to 99,521% of the nominal value.
Doxee announced that it has completed the capital increase for a total of approximately 5,9 million euros, equal to 100% of the maximum amount envisaged.
Fincantieri it closed up +4% on the third day of the capital increase. The stock option rose by +12%. The operation ends on July 11th. Rights negotiable until July 5th.
TXT will acquire 100% of Imille, its subsidiaries in Spain, Chile and Brazil and the Uasabi company for a basic consideration of 8,5 million euros, a statement from the IT company says. The payment will be 84% cash and the rest in shares at a price of 24,13 euros per share.
Saipem Jefferies raised the target price from 2,753 euros to 3,003 euros.
Tenaris Jefferies reduces the target price to 16 euros from 18 euros.
Moncler RBC cuts the target price to 68 euros from 69 euros.
