Europe begins the week with little movement, trying to consolidate the positive closing on Friday 14 May. On Piazza Affari, the FTSE MIB does better than the Paris and Frankfurt indices, which have fallen below par. In the meantime, Tokyo closed the trading of the first session of the week down 0.92%, affected by the increase in new cases of Covid-19 in the country, while the performance of the Chinese stock exchanges in Shanghai and Shenzen was positive, even if the latest Macro data from China, industrial production and retail sales in April showed a slowdown compared to March.
In Piazza Affari, among the titles starting up Gabetti after the publication of the accounts for the first quarter of 2021. Opposite sign for Cairo Communication and Rcs Mediagroup the latter after the outcome of the award with Blackstone for the building in Via Solferino in Milan , the historic headquarters of Corriere della Sera, which did not pay the publishing group any compensation for damages in relation to the sale to the US fund. Among the stocks with the highest capitalization, financials with Banco Bpm and Unicredit are doing well. The Juventus Fc titles also did well after the victory over Inter on the last day of the championship played, in view of the sprint to enter the Champions League.
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Spread with Bund slightly up to 120 basis points
Slightly higher opening due to the spread between BTp and Bund. At the start of trading, the yield differential between the ten-year benchmark BTp and the same German maturity is indicated at 120 basis points, an increase of one point compared to the 119 points of the closing on Friday 14 May. On the other hand, the yield of the benchmark ten-year BTp fell, which marks, among the first steps of the day, 1.06% compared to 1.08% of the previous reference.
Euro remains above 1.21 dollars, little oil moved
On the foreign exchange market, the euro changes hands at 1.2142 dollars (1.2135 on Friday closing) and 132.582 yen (132.758), when the greenback is worth 109.193 yen (109.398). The price of oil has changed little: the June delivery contract on WTI rises by 0.18% to $ 65.49 a barrel and the July delivery contract on North Sea Brent by 0.03% to $ 68.73 a barrel.
Nikkei -0.92%, fears for an increase in infections
Closing at a loss for the Tokyo Stock Exchange which, after the gains recorded on Friday 14 May, was weighed down by concerns about the increase in infections in Japan. The Nikkei index lost 0.92% and closed trading at 27,824 points. In Japan, the vaccination campaign is still in its infancy and the number of cases registered daily shows no signs of decreasing, despite the third state of health emergency in progress, which on Sunday 16 May was further extended.