Piazza Affari closed up, +0,59%, 21.234 points, an interlocutory week experienced, globally, while waiting for the G20 in Osaka and above all of the sideline meeting to be held tomorrow between the presidents of the USA and China, in the hope that the resumption of negotiations will ease the tension on world trade. For the main Milanese index, the month of June retires with an excellent balance of +6% and with interesting earnings for most of the blue chips.
A cautious optimism also supports the other European lists and maintains, at the moment, in positive territory Wall Street. Frankfurt scores a 1% increase; Paris +0,83%; Madrid +0,6%; London +0,33%. In New York, the banks are in good shape thanks to the positive outcome of the second round of the Federal Reserve's stress tests. Of the seventeen institutions that passed the exams, twelve announced an 18% increase in their earnings distribution plans, corresponding to a record $173 billion, versus $150 billion expected by analysts.
In Milan instead the banks are opposed, after recent gains. Bper falls -1,57%; Banco Bpm -0,86%; Mediobanca -0,29%. Intesa +0,18% and Unicredit +0,71% rose. Ubi motionless after yesterday's leap. Snam -2,04% and Terna -0,85% are among the biggest decreases of the day. The purchases allow Juventus to recover 2,5%, in a month that for the black and white company has not been rewarding on the Stock Exchange. Good for Finecobank +2,19%; Amplifon +1,68%; Recorded +1,55%.
At the top of the rankings is Atlantia, +1,1%, at the center of major attacks by 5 stars these days, with Luigi Di Maio decided not to renew his motorway concession. Meanwhile this morning a controlled implosion demolished what remained of the Morandi bridge in Genoa, 11 months after the tragedy of last August 14, which claimed the lives of 43 people. Outside the main basket, Rai Way flies +8,57%. The positive phase of bonds continues: the spread between Italian and German ten-year bonds drops to 241,6 basis points (-0,9%) and the yield on 10-year BTPs is 2,09%.
Investors continue to bet on an imminent intervention by the ECB to support the economy, especially after today Eurostat certified that European inflation on an annual basis in June remained at low levels at 1,2%, even if the core it increased to 1,1% from 0,8% in May. The euro is flat against the dollar, with the exchange rate in the 1,137 area. However, the single European currency should close the week with the best performance of the last 17 months, taking advantage of the particular weakness of the greenback.
Among the raw materials Brent-type oil rises moderately at 66,62 dollars per barrel (+0,22%). A plus sign also for gold, which is currently trading at 1414,25 dollars an ounce (+0,16%).
