(Finance) – Milan is weak, in the wake of the other Eurozone stock exchanges. They weigh declines in bank loans, which are affected by some profit-taking after the run of recent months (FTSE Italia Banks at +37% since the beginning of the year). Investors await the European Central Bank meeting on Thursday, when the cost of borrowing in Europe will finally be reduced.
The unemployment rate in Germany remained at 5.9% in May, with the number of unemployed growing by 25,000, while unemployment in Spain in the same month it decreased by 58,700 units.
Caution prevails overEuro / US Dollar, which continues the session with a slight decline of 0.38%. Bad day forgold, which continues the session at 2,327.1 dollars per ounce, down 1.00%. Sales prevail petrolium (Light Sweet Crude Oil), which continues the day at $72.85 per barrel, down sharply by 1.84%.
Increase it slightly spreadwhich reaches +131 basis points, with a slight increase of 2 basis points, with the yield of the 10-year BTP equal to 3.85%.
In the European stock market scenario sales on Frankfurtwhich recorded a decline of 0.78%, wavered Londonwith a modest decline of 0.37%, and a slow day for Pariswhich marks a decline of 0.51%.
TO Business SquareThe FTSE MIB it is decreasing (-0.73%) and stands at 34,417 points, breaking the positive chain of three consecutive increases, which began last Thursday; along the same lines, the FTSE Italia All-Share loses 0.71%, continuing the session at 36,622 points. In fractional decline the FTSE Italia Mid Cap (-0.44%); consolidates the levels of the day before FTSE Italia Star (-0.03%).
Between best performers of Milan, highlighted Brunello Cucinelli (+2.67%), STMicroelectronics (+2.30%), Terna (+2.10%) e Amplifon (+1.91%).
The steepest declines, however, occur at Unicredit, which continues the session with -3.29%. Negative session for Saipem, which shows a loss of 3.22%. Under pressure BPER, which suffered a decline of 3.06%. It slides MPS Bankwith a clear disadvantage of 2.88%.
At the top among Italian shares a mid-cap, Ariston Holding (+5.55%), Pharmanutra (+2.04%), Zignago Glass (+1.53%) e Juventus (+1.16%).
The worst performances, however, are recorded on BFF Bank, which gets -2.53%. In red Philogen, which highlights a sharp decline of 2.33%. The negative performance of De’ Longhiwhich fell by 2.17%. Mondadori drops by 2.12%.