(Tiper Stock Exchange) – Negative session for the European stock exchanges, which in any case recovered from the strongly negative opening. The new ones weigh on the sentiment Chinese macroeconomic data as of this morning, which showed a faster-than-expected contraction in manufacturing activity and slower growth in services in May. Interesting signals have also come from European datawith inflation moderating in France in May 2023 and Italy’s Q1 2023 GDP revised upwards.
In the background remains the theme of US debt limit, pending final approval by Congress on the preliminary agreement reached over the weekend. Staying in the US, they will be interesting the Federal Reserve Beige Book and interventions by some central bank officials.
Meanwhile, the European Central Bank (ECB) stated that the prospects for financial stability in the euro area remain fragile, in the context of recent banking tensions outside the monetary union. Uncertain growth prospects, coupled with persistent inflation and tightening financing conditions, continue to weigh on the balance sheets of businesses, households and governments.
Seat in fractional decline for theEuro / US Dollar, which leaves, for now, 0.56% in the open. Basically stable thegold, which continues the session on the previous day’s levels at 1,959.4 dollars an ounce. Caution prevails on the oil market, with the petrolium (Light Sweet Crude Oil) which continues the session with a slight drop of 0.33%.
Consolidate the levels of the eve lo spreadsreaching +182 basis points, with the yield of 10-year BTP which stands at 4.07%.
Among the markets of the Old Continent modest descent for Frankfurtwhich loses a small -0.34%, thoughtfully Londonwith a fractional drop of 0.20%, and falters Pariswith a modest decline of 0.59%.
It moves fractionally down Business Squarewith the FTSEMIB which is leaving 0.32% on the fence, continuing the series of three consecutive declines that began last Monday; on the same line, it ranks below parity the FTSE Italia All-Share, which recedes to 28,563 points. In fractional decline the FTSE Italia Mid Cap (-0.4%); on the same line, just below parity the FTSE Italy Star (-0.29%).
Among the best Blue Chips of Piazza Affari, well bought MPS Bank, which marks a sharp rise of 2.85%. Moderate income for Unipol, which advanced by 0.79%. Small steps forward for Mediobanca, which marks an increase of 0.73%. Positive day for General Insurancewhich rises by +0.64%.
The strongest declines, however, occur on Iveco, which continues the session with -1.79%. Decided decline for Prysmian, which marks a -1.66%. Under pressure Interpump, with a sharp drop of 1.54%. Slow day for Monclerwhich marks a decrease of 1.45%.
At the top of the mid-cap rankings from Milan, Salcef Group (+0.92%), Rai Way (+0.76%), Sesa (+0.75%) and UnipolSai (+0.62%).
The worst performances, however, are recorded on Saint Lawrence, which gets -2.11%. Small loss for Ariston Holding, which trades with -1.37%. He hesitates believe, which yields 1.20%. Basically weak SOLwhich recorded a decrease of 1.15%.