(Il Sole 24 Ore Radiocor) – They try to recover, without much conviction, the European indices, after two sessions in the red with inflation that has returned to scare the markets. After the alarm from Jp Morgan’s number one Dimon on the economy, the closing in the red on Wall Street, despite the good data on manufacturing and the weak trend in Asia, Europe tries to raise its head, waiting for the key data on the American labor market, Thursday those of the private sector and on Friday those on unemployment in general, to see if the “hawkish” tones of the central bankers will find confirmation in the data. So I am modestly up on FTSE MIB of Milan, with very subtle exchanges on the day of the Republic Day, the CAC 40of Paris, on DAX 40 in Frankfurt, theIBEX 35 of Madrid andAEX of Amsterdam. London closed on the occasion of the Jubilee for the 70th anniversary of the reign of Queen Elizabeth II.
In Milan, oil stocks are weak, Nexi and Iveco rise
On the Milanese stock market it continues to lose ground Saipem, at the end of the list, awaiting details on the announced capital increase. Bad too Eni with oil falling on OPEC + day. On the rest of the Ftse Mib, they go up Nexi e Iveco Groupstill good Banca Pop Er after the Antitrust ok for the purchase of Carige.
Ftse Mib, from 20/6 on the Reply, Buzzi, Erg and Autogrill reserve list
No changes in the Ftse Mib, some changes in the other indices, which will be effective from 20 June. This was announced by Ftse Russell, a branch of the London Stock Exchange Group that manages stock market indices, including those of Piazza Affari. As stated in a note, there will be no new stock in the main list, while the reserve list will consist of Reply, Buzzi Unicem, Erg e Autogrill. In the Ftse Italia Mid Cap (the 60 shares of Euronext Milan with the highest capitalization, excluding the 40 of the Ftse Mib) Saras and goes out Biessewhile Biesse e Civitanavi Systems and Met. Extra Group and Saras. Civitanavi Systems enters the Ftse Italia All-Share (considering the Ftse Mib, Ftse Italia Mid Cap and Ftse Italia Small Cap baskets as a whole) enters Civitanavi Systems and exits Met. Extra Group.
Oil down ahead of Opec + meeting, euro recovers
Oil prices have taken the path of lowering ahead of today’s OPEC + meeting: the Financial Times writes that Saudi Arabia is ready to compensate for the drop in production that may result from the sanctions against Russia. July WTI is down 1.8% to $ 113.11 while August Brent falls 1.6% to $ 114.37. Gas in early trading in Amsterdam fell by 1.2% to 84.5 euros per MWh.
On the foreign exchange market, the euro recovered slightly against the dollar to 1.067 (from 1.0647 closing Wednesday). The greenback is also worth 129.93 yen (129.98), while the euro / yen ratio is at 138.71 (138.37). Gas in the first trades in Amsterdam moved little at 83.5 euros per MWh.
Spread above 200 points, ten-year jumps to 3.25%
Upward trend for the spread between BTp and Bund in a context of general weakness for euro bonds. The yield differential between the ten-year benchmark BTp (Isin IT0005436693) and the same German maturity is indicated at 203 basis points from the previous 200 points. The yield of the benchmark ten-year BTp rises more sharply, reaching 3.25% from 3.19% of the reference recorded at the closing on the eve of the day.
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