European stock exchanges move slightly in the early stages of the last session of a semester which saw them all gain double figures with Paris (+ 18%) and Amsterdam (+ 17.5%) best performers. Piazza Affari is up by 14% so far. Operators are dealing with the expansion of the Delta variant – although reassurances have come from Moderna whose studies on the Covid vaccine show the presence of antibodies that protect against the variants – and with the new indications arrived from representatives of the Fed, such as Christopher Waller, according to whom a rate hike in 2022 is not excluded and it is instead necessary to think about the reduction of the program of purchases on the markets.
The week, which began with fears for the Delta variant of the coronavirus, and continued with a return to risk by investors, confirms uncertain and oriented to Friday’s data on the US labor market.
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Unipol runs, Safilo down after a capital increase announcement
In Milan on the FTSE MIB the rise of Unipol stands out after some cooperatives already in the capital of the Bolognese group have given way to the purchase of a further 3.35% through the Koru vehicle at a maximum purchase price higher than 6.6% at closing on Tuesday 30 June. In the wake of Generali. Sales on utilities (Enel) and energy infrastructures (Snam Rete Gas, Italgas, Terna). Off the main list, a collapse for Safilo Group which launched a capital increase of 135 million euros aimed at repaying a 90 million shareholder loan and seizing any growth opportunities.
Crude oil rose, for the WTI + 50% from the beginning of the year
Oil prices rose after the weekly report by the American Petroleum Institute, which precedes official data and which signals a sharp contraction in US inventories. But attention goes to the Opec + meeting with the decisions on production thresholds starting from August: August Brent returns to almost $ 75 per barrel, WTI for August is in the area of $ 73 per barrel. Since the beginning of the year, Brent has risen by about 45%, WTI by 52%.
The Delta variant weighs on Tokyo, weak closing for the Nikkei
After regaining ground early in the morning, the Tokyo Stock Exchange closed slightly lower. The market was confronted with support from the good performance of Wall Street, on the one hand, and persistent fears on the Delta variant of Covid on the other. In particular, the recovery of the Tokyo square was held back by the scenario envisaged by the government to extend the restrictions in Tokyo and other Japanese departments from two to four weeks, while the opening of the Olympics is expected on 23 July. The Nikkei index left 0.07% on the ground at 28,791 points “It is possible that a spread of the Delta variant will weigh on the normalization of the Japanese economy until this autumn”, said Norihiro Fujito, strategist of Mitsubishi UFJ Morgan Stanley. Securities.