(Finance) – Positive session for European stock marketswith reduced trade on the day the London square (Bank Holiday) and New York (Memorial Day) are closed for public holidays. Markets improved in the afternoon after that Francois Villeroy de Galhau – governor of the Bank of France and member of the governing council of the ECB – He did not rule out a second rate cut in July, after the now obvious one in June. “Sometimes I read that we should only cut interest rates once a quarter, when the new ECB forecasts are available, and then exclude July,” the central banker explained in an interview, underlining that he doesn’t really appreciate this approach: “I’m not saying we should commit until July, but we should maintain our freedom regarding timing and pace.”
On the macroeconomic front, in Germany in May theIFO index on business confidence it was equal to 89.3 as in April (the consensus expected an increase in the indicator to 90.4), thanks to the improvement in expectations (90.4 from 89.7) which offset a worsening of the opinion on the current situation (88.3 from 88.9).
No significant changes forEuro / US Dollar, which trades on the day before at 1.086. L’Gold, increasing (+0.82%), reaches 2,353.6 dollars per ounce. Plus sign for the petrolium (Light Sweet Crude Oil), up 1.32%.
It is reduced slightly spreadwhich reaches +126 basis points, with a slight decrease of 2 basis points, while the yield of the 10-year BTP stands at 3.79%.
Among the markets of the Old Continent substantially toned Frankfurtwhich records a capital gain of 0.44%, and moderate gain for Pariswhich advances by 0.46%.
Positive session for the Milanese price listwhich brings home a gain of 0.79% on FTSE MIB, consolidating the series of three consecutive increases that began last Thursday; along the same lines, earnings day for the FTSE Italia All-Share, which ends the day at 36,994 points. In money the FTSE Italia Mid Cap (+1.26%); with similar direction, good performance of FTSE Italia Star (+0.97%).
On the Milan Stock Exchange, the exchange value in the session of 05/27/2024 it was equal to 1.54 billion euros, down by 660.6 million euros, compared to the 2.2 billion on the day before; volumes stood at 0.58 billion shares, compared to 0.76 billion previously.
At the top of the ranking of the most important titles of Milan, we find Saipem (+3.57%), Telecom Italia (+2.27%), ERG (+1.97%) e Prysmian (+1.87%).
The steepest declines, however, occurred on Mediolanum Bank, which closed the session at -0.84%. Slow day for STMicroelectronicswhich marks a decline of 0.63%.
At the top among Italian shares a mid-cap, Zignago Glass (+7.37%), Carel Industries (+5.06%), Philogen (+4.74%) e Ariston Holding (+4.64%).
The strongest sales, however, hit Pharmanutra, which ended trading at -2.39%. He suffers BFF Bank, which shows a loss of 1.57%. Small loss for Generali Bank, which trades at -0.81%. He hesitates D’Amicowhich lost 0.71%.