Stock Exchange, in Milan car stocks recover. Saipem in braking after the acceleration on the capital increase
L’Europe try the rebound after yesterday’s closing in red. According to experts it is a technical move, given that the apprehension about the trend of theinflation and growth, which could trigger unforeseen actions by central banks and, in particular, a more sudden rate hike by the Federal Reservedespite the assurances of the president of the American central bank Jerome Powell.
Then there are the questions about the health of the demand, given that in China, the world’s leading oil importer, the lockdown and restrictions made necessary by the increase in infections of Covid-19. In the background also the evolution of the conflict in Ukraine, which will also be one of the hot topics of the meeting between the Prime Minister Mario Draghi and US President Joe Biden in Washington.
In this uncertain picture, Piazza Affari rises by 1.26%, returning just above the threshold of 23,000 points, Paris 1%, Frankfurt by 1.2%, London + 0.73%, Madrid by 0.78% Amsterdam 0.84%. In an almost entirely positive Milanese list, it stands out above all Bper (+ 5.1%), in the aftermath of the accounts of the first quarter which showed a decrease in profit to 112.7 million, but still higher than expected. Spotlight also on Saipem that after a positive start at + 1.7%, lost 2% by mid-morning. The CEO Francesco Caioin an interview with Sole 24 Oreannounced its intention to speed up the timing of the sales and the 2 billion capital increase, possible by the summer.
In addition, they recover the titles of the car with Pirelli + 3.3%, Stellantis + 2.1%, Iveco + 1.45%, which yesterday were among the most penalized, together with energy. The latter continue today on the path of weakness, especially since, after the sharp drops on the eve of the day, with crude oil losing more than 5 points, oil continues to decline, the June WTI contracts fall by 0.4% to 102. , 72 dollars a barrel, those of Brent in July dropped 0.3% to 105.62 euros. In line Atlantiaon parity and Leonardo (-1.69%), struck by the gains following a session that went against the trend of the rest of the list.
On the currency market, the euro is little moved on the greenback and changes hands at 1.055 dollars (1.057 yesterday closing) and 137.616 yen (137.9 on the eve). The dollar / yen exchange rate is at 130.36. Finally, the spread slightly increased to 204 points, one more than yesterday’s final. The yield of the benchmark ten-year BTp rises slightly, remaining above the 3% threshold, to 3.15% from the previous 3.14%.
The differential between Btp and Bund it opened substantially stable, at 205 points, compared to 205.5 at yesterday’s close. The yield of the Italian 10-year is 3.141%, down from 3.22% at the previous day’s close.