Europe closes up Wall Street without a beacon, Milan in the lead with Mediobanca

Positive closing, even if without momentum, for the European stock exchanges, despite the lack of the Wall Street lighthouse, closed for the Independence holiday. Self Frankfurt was the worst, registering a fractional + 0.08%, Milano led the rises, scoring + 0.63%. The spread he reached 100 points. Investors, moreover, are starting to look with interest to the Italian economy, betting on a thriving recovery. Also the chairman and CEO of Jp Morgan, Jamie Dimon, from the pages of Il Sole 24 Ore, said that it is the right time to have confidence and invest in Italy.

Tertiary activity above expectations in Italy

The main stock exchanges of the Old Continent started down trading and then managed to move into positive territory, supported in part by the publication of the SME indices relating to the world of services in June. An important “thermometer” to understand the confidence in the post-Covid recovery, which this time marked encouraging trends: in Italy the figure went beyond expectations, with the index rising to 56.7 points from 53.1 in the previous month. May. Spain (at the top since 200) and France (the highest since 2018) also did well, while the trend was disappointing in Germany, although the index jumped to 57.5 points, from 52.8 points in May. .

Loading…

Banks are doing well in Piazza Affari, Mediobanca in evidence

Piazza Affari benefited from the performance of the banks, all well set up.Unicredit (+1,74%) e Banco Bpm (+ 1.62%) attempted to recover the points lost last week in which they were among the worst stocks in the main segment: during the last eighth Unicredit lost 3.9% and Banco Bpm 4.3 %. The upward trend of banking has also affected Intesa Sanpaolo (+1,41%) e Banca Pop Er (+0,79%). Mediobanca it was the best, rising by more than 2%, still in the wake of the news of the strengthening of Leonardo Del Vecchio in the capital, which at this point holds a stake of around 19%.

Pirelli rises after Niu’s move, Stellantis rises

Positive day for Pirelli & C (+ 1.48%), with the market focus on the reorganization of Camfin, which opened its capital to the entry of the Chinese Niu family (Pirelli’s industrial partner since 2005), thus strengthening its presence in Pirelli to 14.1% (from about 10%). In commenting on the holding’s moves, Equita Sim analysts reiterate that the reorganization seems to be preliminary to a possible industrial operation for Pirelli (“probable merger”, the analysts write). In the auto industry, the Stellantis (+ 1.4%), up despite the European Stoxx 600 Auto index remaining at the stake. The shares benefited both from rumors that further scrapping incentives are being approved in Italy, and from the wait for the presentation of the electricity strategy scheduled for 8 July. Seat also featured for Italian post (+1,43%), Buzzi Unicem (+1,2%) e Stmicroelectronics (+ 1%). It closed at the bottom of the main segment, however, Hera (-2.64%) by paying the coupon detachment. With little oil moved, a fairly colorless day for the stocks of the oil sector and in particular for Eni (+0,56%), Tenaris (+0,7%) e Saipem (+ 0.05%). And again, they went well Stmicroelectronics (+1%).