lackluster session for European stocks (follow the trend of the indices), that reported a moderate fall a day devoid of important insights. In the absence of precise information from a Wall Street Equality, continental lists have suffered from the weakness of the oil and the bad day of the auto sector and the chemical bonds, weighted by -6% from Bayer in Frankfurt after the announcement of offer details of Monsanto. In Milan the FTSE MIB index closed down 2.74%, but the change in “real” is of -0.57% net weight of distributed dividends of 20 companies today, equal to -2.17% on ‘ index.
On the main continental lists weighed the oil correction, after Tehran reiterated its unwillingness to freeze their production levels of crude oil, and the decline in manufacturing activity in the eurozone in May, in particular in the economies of the so-called peripheral countries.
Main factor to the attention of investors is still the strategy of the US Federal Reserve: The leader in the St. Louis Fed, James Bullard, sees in the macroeconomic environment major factors for a progressive increase in US interest rates rather than maintaining the status quo. John Williams, of the San Francisco Fed, said on his part to expect two or three rate hikes over the course of 2016. Looking forward to concrete news, the euro / dollar exchange rate has remained broadly stable.
Fiat pays the dieselgate
Returning to Milan, on the main board has closed heavy Fiat Chrysler Automobiles after the rumors of the weekend in the German press that the Italian-American group could have altered the tests on gas emissions: rumors arriving after differences last week between the automotive group and the Ministry of Transport of Germany of emissions testing in their own theme. A spokesman for the Lingotto has nevertheless reaffirmed the compliance of all vehicles with the EU regulations on emissions.
UniCredit suffering, Eve crucial to the CEO. Ghizzoni
Weak Unicredit on the eve of the expected decisive board for the parts at the top. From Spain the CEO Ghizzoni, output data, said that working with the board of directors of the institute will continue until there will be “enough confidence.” The extraordinary meeting of the board has been called for tomorrow at 16.
In the banking sector also focus on Ubi and Bper, that would be looking at the dossier of Veneto Banca. Well A2a thanks to the extension in view of the current shareholder pact expiring between the Municipalities of Milan and Brescia, until September. The two municipalities together control 50% of the group.
abuzz Technology sector
A day Pink jersey was still StMicroelectronics, rose by 0.68% due to industry turmoil European technology. The sub-index Stoxx the fund has gained 0.65%, driven by two main factors: the offer launched by the Chinese group Fujian Grand Chip Investment Fund Liu Zhendong on German Aixtron (+ 13% in Frankfurt) and to reports on the number of iPhone7 ordered by Apple of its suppliers in view of the presentation in September, amounting to 72 million units against 65 million expected by industry analysts.
Bayer heavy in Frankfurt after the big cash offer for Monsanto
in the rest of Europe keeps the story Bayer bench: the titles of the German giant slipped to its lowest since in October 2013 in Frankfurt after the bid has been announced cash from 62 billion dollars to Monsanto. Operators that the first rumors of 11 May last operation have already penalized the title of about 15%, they point to the high level of indebtedness that the deal would lead to Bayer and the fear of possible adjustments upward of ‘offer.
Vivace the Athens Stock Exchange after the vote in favor of the greek Parliament to the new economic measures demanded by international lenders. Tomorrow there will be a meeting of EU finance ministers to assess the green light to new tranche of loans to Athens.
In upward finally spreads on government bonds of peripheral eurozone countries starting with the BTP .
(Il Sole 24 Ore Thomson Plus)
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