Closing just below parity for the stock market today: sul Ftse Mib minus sign for UniCredit on the day of the shareholders’ meeting.
As expected, today the Cabinet it gave the green light to the new budget variance of around 40 billion euros intended to finance the new refreshments.
With an estimated growth for the current year of 4.5%, the deficit is seen at 11.8% of the wealth produced. The update pushed it higher spread, up 1.9% to 105 basis points.
In the energy sector, the future for June delivery on Brent is $ 66.5 (-0.12%) while on the currency l’eurodollaro is trading down 0.15% to 1.19598.
Stock Exchange Today, 5:40 pm update: Ftse Mib closes weakly
The session of Ftse Mib It closed at 24,528.69 points, -0.19% on the previous figure.
Minus 1.14% for UniCredit on the day of the meeting that voted on the approval of the financial statements and the renewal of the Board of Directors (the substantial remuneration of the new CEO Andrea Orcel was approved with a majority of 54.1%)
Minus sign also for Creval shares (-0.73% to 12.25 euros) after Crédit Agricole Italia has increased the consideration for the voluntary takeover bid from € 10.5 to € 12.2.
Parity for Stellantis (-0.05%) on the day of the meeting and after the news of the consultation agreement signed by Exor and Peugeot 1810,
Update at 13: Ftse Mib, focus on banks
The Ftse Mib mid-session marks a + 0.1%, the Cac40 a + 0.24% and the Dax a + 0.33%.
Contraction of half a percentage point for the spread Btp-Bund, down to 103 basis points.
In the banking sector stands the + 1.86% of BPER Bank and + 0.9% of Banco BPM.
Plus 0.26% of UniCredit on the day of the meeting called to approve the 2020 financial statements and elect the new Board of Directors.
Assembly day also for Stellantis (-0.04%). Exor and Peugeot 1810 signed a consultation agreement between the Agnelli and Peugeot families.
Future Wall Street: positive opening expected
Two and a half hours after the start of trading, the future on Dow Jones and the one on S&P500 both recorded an increase of 0.45% while the derivative on Nasdaq salt by 0.59%.
Update at 9:25 am: Ftse Mib, UniCredit in evidence
Shortly after the start of trading the Ftse Mib share 24,597.85 points (+ 0.09%), on Cac40 marks a + 0.08%, the Dax a + 0.3% and the Ftse100 advances by 0.31%.
It spread Btp-Bund at the start of the European session there were no significant changes a 104 basis points.
On the Ftse Mib positive performance for the securities of the banking sector: + 0.88% of Mediobanca, + 0.61% of BPER Bank and + 0.42% of UniCredit on the day of the meeting called to approve the 2020 financial statements and elect the new Board of Directors.
The Creval shares they rise by 0.79% to 12.312 euros after Crédit Agricole Italia has increased the consideration for the voluntary takeover bid from € 10.5 to € 12.2 while the title Banca Popolare di Sondrio rises by 0.88% pending the ruling of State Council which, most likely, will confirm that the institute will have to transform itself into a Spa by the end of the year.
Assembly day also for Stellantis (-0.33%). Exor and Peugeot 1810 signed a consultation agreement between the Agnelli and Peugeot families.
Asia Stock Exchanges: Tokyo closes flat
The Hong Kong index, l’Hang Seng, recorded a -0.38%, the China A50 ended the session with a -1.11% and the Nikkei it closed with + 0.07%.
Increase of 0.51% for the Australian index S&P/ASX 200.
Wall Street: Nasdaq in the red by one percentage point
The Dow Jones closed the session with + 0.16%, lo S&P500 ended with a -0.41% and the Nasdaq with -0.99%.
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