EU stock markets up, little movement in Piazza Affari weighed down by banks

EU stock markets up little movement in Piazza Affari weighed

(Tiper Stock Exchange) – The Milan stock exchange showed little movement, which is not in line with the moderately bullish trend of the other stock exchanges in Euroland, also thanks to the signs of rapprochement between the US parties for an agreement on the debt ceiling. US President Joe Biden and House Speaker Kevin McCarthy are closing in on a deal that would raise the public debt ceiling by $31.4 trillion for two years, while limiting government spending.

On the macroeconomic front, Istat communicated that theItalian consumer confidence index fell in May after three consecutive rises, with the weakness also affecting the indicator relating to businessesworsened in all sectors with the most negative performance in construction.

Andrea Enrico (ECB supervision) stated that “the state of health of the European banks is good” and that “the situation is very good from all points of view”, but that “this shouldn’t push us to be relaxed” and “we must in any case be careful and alert considering the moments of market volatility”. Philip Lane (ECB chief economist) said generous wage deals in some eurozone countries are still within expectations, although there are some upside risks to their growth.

L’Euro / US Dollar it is substantially stable and stops at 1.075. Slight increase forgold, which shows an increase of 0.62%. The Petrolium (Light Sweet Crude Oil) continued the session higher and advanced to 72.4 dollars per barrel.

Slight worsening of spreadswhich rises to +188 basis points, an increase of 3 basis points, with the yield of the 10-year BTP equal to 4.38%.

Among the European lists moves modestly up Frankfurthighlighting an increase of 0.21%, positive balance for Londonwhich boasts a progress of 0.28%, and substantially tonic Pariswhich recorded a capital gain of 0.39%.

Piazza Affari continues the session on the levels of the eve, reporting a variation of +0.09% on FTSEMIB; on the same line, colorless the FTSE Italia All-Sharewhich continues the session at 28,510 points, on the same levels as before.

On the levels of the eve the FTSE Italia Mid Cap (+0.07%); along the same lines, it consolidates the levels of the previous day FTSE Italy Star (+0.11%).

Between best Italian stocks large-cap, moderate-earning per Interpump, which increased by 1.44%. Small steps forward for Hera, which marks an increase of 1.33%. Positive day for Triad, which rises by +1.21%. Good sitting for STMicroelectronicswhich reflects a moderate increase of 1.12%.

The worst performances, however, are recorded on MPS Bankwhich gets -2.20%. Leonardo drops by 1.62%. Decided decline for General Insurance, which marks a -1.5%. Modest descent for Telecom Italywhich drops a small -1.42%.

Between best stocks in the FTSE MidCap, Luve (+2.41%), Ariston Holding (+1.89%), Carel Industries (+1.87%) and Italmobiliare (+1.43%).

The strongest sales, on the other hand, show up MFE B, which continues trading at -3.83%. Under pressure MFE A, with a sharp drop of 1.82%. He suffers doValue, which shows a loss of 1.54%. Thoughtful Webuildwith a fractional decline of 1.49%.