Stock markets today 15 July: Piazza Affari starts positive, spreads down

After yesterday’s thud in Piazza Affari, the stock market wakes up with a good rise in the first hour of trading. The spread is also decreasing, this morning the differential between German BTPs and Bunds is at 212.9 points, with the Italian annual yield losing 0.5 basis points to 3.232%. But it is all the European lists that this morning are advancing in positive territory. The Ftse Mib index which marks + 1.10% at 20,781 points at the opening, but already in the course of the morning touches 1.5%. After a volatile start with some trend reversals, Piazza Affari has therefore decidedly increased and marches in line with the rest of Europe. All major sectors are gaining ground. Among the banks, Unicredit rose by 1%, Intesa + 2.3%, Bpm + 2.2%, Bper + 1.2%. The other financials also performed well. In energy, Enel rises by 3%, trying to regain its share of 5 euros, Eni + 0.9%, Hera + 2.5%. In industry Stellantis + 1.5%, Leonardo + 1.7%, Pirelli + 3.2%, Stm + 1.9%. Without Tim, Saipem today sells 25% after the banks of the guarantee consortium have subscribed the unexercised, thus completing the capital increase.
Also in Europe the lists are all with the positive sign. Friday session up for the main European stock exchanges. London’s Ftse 100 gained 0.62% at 7,083.21 points, Frankfurt’s Dax 30, 1.03% at 12,648.84 points, and Paris’s Cac 40, 0.51% at 5,945.54 points. The Ibex 35 in Madrid was also positive, gaining 0.89% at 7,873.90 points and the Aex in Amsterdam by 0.82% at 665.09 points. US futures were positive in view of retail sales, the New York State manufacturing index and industrial and manufacturing production in June. Crude oil has changed little (Wti + 0.06% to 95.85 dollars per barrel), gas reduces the decline (-0.45% to 174.25 euros per MWh in Amsterdam), while metals remain weak starting from from iron (-7.32% to 664.5 dollars a ton) and from steel (-4.24% to 3,704 dollars a ton) due to the drop in demand in China. The euro improves, which exceeds the dollar by 0.32 cents with respect to the parity reached. Positive were the automakers Volvo (+ 2.18%), Renault (+ 2.12%), BMW (+ 1.7%) and Stellantis (+ 1.6%) after the data on car sales in Italy, France and Germany, while the Chinese GDP data sinks the luxury sector, from Burberry (-5.34%) to Richemont (-4.58%) and Moncler (-2.16%) in the Piazza Affari. On the other hand, semiconductor manufacturers Be (+ 3.69%), Asml (+ 3.05%) and Stm (+ 2.08%) run. Purchases of oil TotalEnergies (+ 1.7%), Bp (+ 1.54%), Shell (+ 1.34%) and Eni (+ 0.77%), while Saipem (-23.61%) slips again after the successful conclusion of the € 2 billion capital increase. Positive were the banks Intesa (+ 2.95%), CaixaBank (+ 2.64%), Sabadell (+ 2.6%), Banco Bpm (+2.51%), NatWest (+ 2.42%), Santander (+ 1.84%), Commerzbank (+ 1.64%) and Unicredit (+ 1.58%).