European stock exchanges in red mid-session, with the blue chips of Piazza Affari all negative. At 12 the Ftse MIb loses 0,94%, 20.730 points, weighed down by the banks, but also by the decline of Mediaset e Recordati. Stellar debut instead on the Aim, for wiit, a company focused on IT outsourcing services: +17,6%. Out of the main list, the Juventus plummeted by 9% after the searing defeat in the Champions League final against Real Madrid.
They weigh on world markets tensions in the Gulf e the new London bombing. The English stock exchange right now it is losing 0,28%; down too Paris (-0,55%) And Madrid (-0,48%), with the popular Bank plunged due to investor fears of a possible bail-in. Frankfurt, on the other hand, is closed for public holidays. Asian markets close a weak session: Hong Kong -0,24%; Shanghai -0,45%. Flat Tokyo -0,03%, which still remains above 20.000 points.
The Stock Exchange Qatar it opened down 7,9% to its lowest since January 2016 and trading volumes ten times higher than the daily average this Ramadan period. At the moment the main list of Doha it drops almost 7%. The stop of Egypt, Saudi Arabia, the United Arab Emirates and Bahrain to diplomatic relations with Qatar, accused of financing terrorism, support oil: Brent +0,46%; $50,18 a barrel. L'euro loses 0,13% against the dollar, 1,1264.
On the macro front: Eurozone services activity remains strong in May, thanks to demand growth, suggesting that the economy's growth rate is on the path to a sustained recovery. This is what emerges from the investigation Markit PMI. In Italy, in May, activity in the service sector slowed down from its almost ten-year peak the previous month, remaining solid nonetheless.
Meanwhile the European Commissioner for Economic Affairs Pierre Moscovici opens to a possible discount, to a reduction of the structural adjustment of the deficit to 0,3% in 2018 (against the 0,8% originally foreseen), as requested by Minister Pier Carlo Padoan. The spread between the Italian and German ten-year period, at the end of the morning, it revises upwards: 197.50 points, +0,77%, yield 2,27% after closing at 2,26% on Friday.
In Piazza Affari: Mediaset it loses 2,84%, still pending with Vivendi. Down too Telecom (-1,25%). Recordati leaves 2,64% on the ground, after the constant previous growth. Weak banks: Bpm bank -2,24%; Banca Mediolanum -1,61%; Ubi -1,55%; Understanding -1,16%; Unicredit -0,9%; Mediobanca -1,19%. Insure yourself down with Unipolsai -1,29% and Generali -1,35%. Cali more content for Eni (-0,21%) And Tenaris (-0,29%).
While oil does not support Saipem: -1,4%. Among the utilities Italgas, -1,6%, affected by the downgrade by HSBC, which lowered the rating from "buy" to "hold", however revising the target price upwards from 4,1 to 4,7 euro. In the context, FCA "holds on", -0,4, thanks to the data on registrations in Brazil which in May recorded +18,8% on an annual basis.
