MILANO – 11.10 am. Sluggish restart for the European stock exchanges while the market dominates the scene Petroleum after yesterday the organization of producing countries still failed to find an agreement on the reduction of production without actually updating the meeting again on a specific date. Brent thus flew over $ 77, for the first time since 2018, and WTI also continues to run in the morning with contracts advancing to $ 76.73 a barrel.
In Europe Milano yields 0.11%, Frankfurt 0.48% e Paris 0.39% while London loses 0.17%. Amplifon is positive in Piazza Affari after the joint venture signed in China with a large local company that will allow access to 45 points of sale in the southwest of the country. The European lists also recorded the slowdown of the German industry, with orders falling by 3.7% on a monthly basis in May compared to + 54.3% compared to last year, a period still heavily penalized by the pandemic. Positive indications for our country come instead from the forecasts of Prometeia, which revised its growth estimate for 2021 upwards, bringing it to + 5.3%. On the cautious Asian side Tokyo, with the Nikkei closing at + 0.16%.
L’euro opens higher and changes hands at 1.1878 dollars and 131.62 yen. Interesting ideas for the currency market should also arrive tomorrow with the publication of the minutes of the last meeting of the Fed’s monetary policy committee. After the last meeting, some members of the committee have in fact opened to a further advance in the roadmap on the increase. interest rates, a scenario seen with concern by the market, and the minutes could shed some light on how much this more “hawkish” position finds space within the Fed.
It remains stable as it has been for some time now spread. The BTP / Bund spread stood at 101 points in the morning, at yesterday’s closing levels, with the yield of the Italian ten-year bond at + 0.81%.
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