(Tiper Stock Exchange) – Negative day and week for the European Stock Exchanges, Piazza Affari included. Weigh theincrease in interest rates implemented by several central banks, including the Bank of England, Norges Bank and the Swiss National Bank, and fears of long-term high inflation.
On the macroeconomic frontthis morning it emerged that the business growth in the euro area it all but stalled in June as the manufacturing downturn worsened and activity in the services sector lagged, according to S&P Global’s HCOB PMI.
“After the mild recession suffered between the end of 2022 and the beginning of 2023, the average level of the composite PMI is compatible with a return to GDP growth in the 2nd quarter – commented the analysts of Intesa Sanpaolo – However, the indications that emerge from the June readings suggest the presence of downside risks on the stability of the cycle in the second half of the year“.
Few ideas in Piazza Affariapart from the announcement of Eni for the acquisition with Var Energi of Neptune Energyfor an enterprise value of $4.9 billion, and that of De Nora on the assessment given a Thyssenkrupp Nuceraa joint venture for hydrogen technologies between the Italian and German companies Thyssenkruppwhich will land on the Frankfurt Stock Exchange on 7 July.
Weak session forEuro / US Dollar, which trades with a drop of 0.63%. Slight increase ingold, which rises to 1,922.8 dollars an ounce. The Petrolium (Light Sweet Crude Oil) lost 0.98% and continues to trade at $68.83 per barrel.
On the levels of the eve it spreadswhich remains at +155 basis points, with the yield of 10-year BTP which stands at 3.91%.
Among the markets of the Old Continent under pressure Frankfurtwith a sharp fall of 0.99%, falters Londonwhich lost 0.54%, and substantially weak Pariswhich recorded a decrease of 0.55%.
Trading down for the Milan Stock Exchangewhich shows a decrease of 0.73% on the FTSEMIB; along the same lines, the FTSE Italia All-Share it lost 0.70%, continuing the session at 29,272 points. Slightly down the FTSE Italia Mid Cap (-0.43%); on the same trend, in fractional decline the FTSE Italy Star (-0.48%).
Between best performers of Milan, in evidence Ferrari (+0.89%), Register (+0.82%), Inwit (+0.77%) and Hera (+0.66%).
The worst performances, however, are recorded on Saipem, which gets -4.44%. He suffers Prysmian, which shows a loss of 2.53%. Prey of sellers MPS Bank, with a decrease of 2.50%. They focus their sales on STMicroelectronicswhich suffers a drop of 2.44%.
At the top among Italian stocks a mid-cap, Bff Bank (+1.71%), IREN (+1.65%), CIR (+1.22%) and De’Longhi (+1.01%).
The strongest sales, on the other hand, show up De Nora Industries, which closes trading at -6.34%. Sales on Saphilus, which records a drop of 3.01%. Bad sitting for Technogym, which shows a loss of 2.99%. Under pressure Saraswhich shows a drop of 2.30%.