MILAN – 12:40. handicap seat for the Milan Stock Exchange, where today is a day of coupon presentation: are twenty companies of the Ftse Mib that distribute the dividend to shareholders and the consequent impact on the index by 2.2% (the equivalent of payments is 8.2 billion Euros). The Milan stock exchange then wears the black jersey in Europe and lost 2.45%. Net of-dividends, performance is in line with the weakness of other European Squares: London yields 0.25%, Frankfurt gets worse at -0.8 % and Paris to -1%. From a macroeconomic point of view, however, it concludes the annual mission of the International Monetary Fund in Italy, as markets focus mainly on the Eurozone PMI indices and the US: the May data confirm a picture of economic activity Eurozone weak growth, with few signs of an imminent improvement. The PMI composite index is down to a minimum of 16 farms from 53 to 52.9 points in April. On the other hand the one that opens today is a week full of events with G recia, Brexit and the United States foremost in the minds of investors, especially after the financial Sendai G7 noted the need to support the difficult recovery, has ruled out a currency war and pointed their finger on the UK referendum as one of the greatest dangers of the year. However, the most awaited day will be Friday, when it airs on the second reading of US GDP: any strong deviation from the first would certainly affect the Federal Reserve’s decisions on interest rates (the agenda of the markets). also note Eurogroup tomorrow where on the table there will be again the Greek crisis, after the approval of the latest reforms demanded by the Troika to the government in Athens. The IMF continues to demand an immediate debt restructuring but in Brussels (and especially in Berlin) do not want to hear about at least until 2018. The time for the understanding, however, is pressing Greece should return to July 2 , 3 billion to the ECB.
‘ € , after an initial recovery, stabilize the exchange rate against the dollar to 1.12. Against the yen, the euro instead drops to 122.6. Opening the same week for the spread between Bund and BTP: the difference in share performance marks 131 points, the same level of the previous Friday, while on the secondary market on Italian ten-year is trading at a rate of ‘ 1.48%.
in the morning, the Tokyo Stock exchange has finished trading with a fall of 0.49% as a result of data showing the collapse of exports in the month April and a decline in manufacturing activity in May: the Nikkei index lost 81 points to 16.654.60 share. On the foreign exchange market the yen appreciates on the greenback as the mirror the decline in stock indices and based on comments from the G7, about the increase of the consumption tax adopted as expected in April. The Japanese currency back to below 110 to the dollar to 109.80.
On Friday night, the seat of Wall Street has finished rising, but not enough to avoid the Dow Jones close the fourth week in a row down for the first time since the end of October 2014. the S & amp; P 500 is instead managed to file the first octave rising after three in a row in red; for the Nasdaq was the first positive after four consecutive flexion. The Dow Jones gained 0.38% (down 0.2% on the week, but + 0.44% YTD), the S & amp; P 500 rose 0.6% (+ 0.41% YTD ), while the Nasdaq recovered 1.21%, but in 2016 the balance is at -4.75%.
in terms of raw materials, the prices of I am down in the beginning of the week with crude WTI contracts maturing in July that remain below $ 48 to $ 47.92 while Brent drops to $ 48.82. To affect the US crude oil prices the resumption of extraction in Canada after fires in recent days. The price of ‘ Gold is a slight recovery: bullion for immediate delivery was trading at $ 1,254 an ounce, an increase of 0.3%.
- Topics:
- European shares
- Asian stocks
- Wall Street
- EUR
- gold
- oil
- spread
- btp
- Milan Stock
- federal reserve
- Starring:
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