Government bond yields are down and European stock markets are breathing, even if they slow down in the end due to the slow pace of Wall Street. The American stock market flattens out, after a positive start, despite the drop in the yield on T-Bonds for the fourth consecutive day and the 1,6-year travel rate below 50%, while the White House announces that by tonight XNUMX% of adult Americans will be fully vaccinated.
Even in the Eurozone there were strong bond purchases today and yields hit a 13-day low, thanks to comments from some ECB members in favor of maintaining an ultra-accommodative policy.
Italian government bonds benefit more than others, with lo BTP/Bund spread which closed down at 108 basis points and the Italian bond rate which fell back to +0,92%.
In the stock Business Square, after grabbing the coveted goal of 25 points for a few moments, closed in line with yesterday's session at 24.892 points, +0,01%.
The best square is Frankfurt (+0,17%) which during the day exceeded the threshold of 15.500 points for the first time in history. The driving force was the performance of German living (+15,71%), a group that has merger announced with Deutsche Annington Immobilien Gruppe (-4,4%) in an operation that will create a player in the real estate sector with a capitalization of 48 billion euro. On the other hand, the macroeconomic data from the main economy of the area are in chiaroscuro: German GDP has in fact been revised downwards compared to estimates (-1,8% in the first quarter and -3,1% on the year), but the The Ifo index, which measures business confidence, rose above expectations in May to 99,2 points.
It's on the rise Amsterdam +0,25%, colorless Madrid, are negative Paris -0,28% and London –0,34%.
In Milan, banks remain in the foreground, with the market betting on new marriages. The main candidates are Bper, still queen of the list today with an increase of 2,21% e Bpm bank +1,33%. The latter improves its appeal as a partner also for the sale of 1,5 billion Npl as part of the "Rockets" project, announced to the market on the occasion of the quarterly results. On shields Unicredit +0,94%, which will have to decide how to move in this context full of pitfalls and opportunities. The stock hit a one-year high in the session. Secluded Understanding -0,08%.
Purchases continue to reward Amplifon +2,14%. Back to the fore with luxury Moncler +1,25%. On the other hand, the insurance sector suffers: Unipol loses 2,5%; Generali -0,95%. Sales on oil stocks prevail: Tenaris -1,97%; Eni -1,24%. Saras however, it appreciated by 1,57%, following the sale of the Texan Deer Park refinery for about 596 million dollars by Shell. An announcement that has led some brokers to revise their valuations on the Italian refiner's assets upwards.
Letter for A2a -1,83% and Telecom -1,49%.
Out of the main basket Giglio Group it appreciates by 6%, after the exclusive agreement with Imagro for the exclusive distribution of a rapid swab for Covid.
On the foreign exchange market theeuro-dollar it moves in favor of the single currency around 1,223.
Raw materials are cautious. The Brent it appreciates by 0,12% to 68,45 dollars a barrel. L'gold spot rose 0,5% to 1890,45 dollars an ounce, after the drop in the US consumer confidence index which fell to 117,2 in May, while expectations on the US consumer inflation rate one year they increased to 6,5%. “With consumer confidence plummeting, we are seeing a knee-jerk reaction. Some think the Federal Reserve will be more accommodative for a longer period of time,” says Phillip Streible, chief market strategist at Blue Line Futures in Chicago.
