After mid-session, the European stock markets continue cautiously, while only the FTSE MIB remains in negative territory, penalized by the coupon detachment of 18 big players in the main segment, which weighs -0.89%.
On the continental indices, returning from an uncertain week, caution prevails with the CAC 40 in Paris, the IBEX 35 in Madrid and the Ftse 100 in London, which are looking for the opportunity to move decisively into positive territory. It should be noted that Frankfurt and Zurich are closed for Whitsun. This pending the opening of Wall Street, with futures indicating a positive start for the American stock market.
According to Unicredit analysts, activity is reduced on all continental price lists precisely for the holiday. In the absence of relevant macro data, thewaiting for the next meeting of the European Central Bank, scheduled for next 10 June. Attention remains high on the evolution of the pandemic with the main producers of vaccines against Covid-19, the G20 countries and the International Monetary Fund which on Friday committed themselves to accelerate vaccination even in the poorest countries, in order to be able to give momentum for world economic recovery. A two-day meeting for the European Council in Brussels, focusing on issues related to the climate, the pandemic, relations with Russia and post-Brexit trade relations with the UK.
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In Milan “coupon effect” for 18 Big
The trend of the main Milan price list is influenced by the coupon detachment of 18 big companies, namely A2a (0.08 euro), Amplifon (0.22 euro), Azimut (1 euro), Bper (0.04 euro), Banca Mediolanum (€ 0.0267), Buzzi Unicem (€ 0.25), Diasorin (€ 1), Eni (€ 0.24), Generali (€ 1.01), Interpump Group (€ 0.26), Intesa Sanpaolo ( 0.0357 euros), Inwit (0.3 euros), Italgas (0.277 euros), Moncler (0.45 euros), Prysmian (0.5 euros), Recordati (0.55 euros), Unipol (0.28 euros ) and Tenaris (€ 0.1149). In general, good performance of bank stocks, with Bper at the top of the Ftse Mib despite the coupon detachment, and Banco Bpm following closely, Italgas, Generali and Unipol among the worst. Positive performance also for Saipem, which takes advantage of the acceleration of oil.
Juve toast to the Champions League
Outside the main basket, the spotlight is on the Juventus Fc title which celebrates qualification in the Champions League. Tearing up the ticket to Europe can make a difference for companies’ balance sheets. In fact, the effects of the non-participation in the competition were estimated by the FIGC Football Report (carried out by PwC on an empirical basis on the cases found between 2014 and 2019), in an economic impact in about 75 million lost revenues, based on a average obtained from the cases of the last few years. If Juventus had not managed to qualify for the Champions League, next year they would have played in the Europa League, which allows revenues almost halved compared to the “queen” competition.
Among the “little ones” run Friulchem and Neosperience
On the Aim Friulchem accelerates and was stopped in the volatility auction when it gained 9.79% at 1.29 euros per share, a level not seen since January 20th. The driving force behind the stock is the fact that the pharmaceutical company, listed on the AIM of the Italian Stock Exchange, has purchased from the French multinational Vibac Sa, a production plant for the veterinary sector in Magny-en-Vexin near Paris. Neosperience was also fast paced, which launched Sofia, the first virtual and augmented reality assistant based on the Neosperience Cloud platform and OpenAI’s GPT-3 natural language processing technology.