European price lists do not find the way to recovery, but concerns about the spread of Covid-19 weigh. In Milan, the Generali Group subsidiary ended up in the Financial Times journalistic investigation. Spread in the area 163 points
by Eleonora Micheli
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European price lists do not find the way to recovery, but concerns about the spread of Covid-19 weigh. In Milan, the Generali Group subsidiary ended up in the Financial Times journalistic investigation. Spread in the area 163 points
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3 ‘of reading
Weak closing on the stock exchanges European despite the fact that Wall Street attempted to raise its head at the start, driven once again by tech stocks. The subsequent slowdown of the US indices encouraged an even more cautious attitude in Europe and thus the main lists closed all in sharp decline. Milan lost 0.57%, although it did spread improved in the area 163 points. Once again, the data on the pandemic was of concern: in the United States, new infections have reached a record high of over 60,000 units in a day, reaching a total of 3 million cases. On the other hand, White House councilor Larry Kudlow tried to instill courage by pointing out that all macroeconomic data point to a ‘V’ recovery. In addition, the president, Donald Trump, has also encouraged the spirits by writing on Twitter that the United States is heading towards a “good third quarter, and a great 2021”. He added, “Economy and employment are growing much faster than anyone (except me!) Expected. Employment growth is the largest in history. The death rate of the Chinese virus is among the lowest in any country. ” In Europe, however, the estimates on the GDP 2020 released on the eve of the European Commission and turned out to be below expectations are still scary. Furthermore, there is a rise in the European Council meeting of 17 and 18 July, called to evaluate the recovery plan devised by the European Commission. Just today, July 8, the German chancellor, Angela Merkel, called for solidarity in Europe and urged that the 750 billion euro European Commission plan be approved.
Banca Generali in the eye of the storm of the FT investigation
The actions of Banca Generali(-3.78%) after the investigation by the Financial Times which signaled the involvement of the asset management institute in the case of securitisations with underlying credits of companies linked to Calabrian criminal organizations. The other banks’ shares were also weak, with uBI Banca(-0,8%) e Intesa Sanpaolo (-1.3%) which remain under observation pending the outcome of Intesa’s offer on the Bergamo bank.
Spread down towards 160 points
Atlantia at the mercy of the concession, well Diasorin
Atlantiaaccused a drop of 2.5%, on the day when the premier, Giuseppe Conte, announced that the motorway concessions match should be closed within a few days, not later than the weekend. Still fine Diasorin(+ 0.39%), after the progress of the eve, triggered by the launch of the tests to detect the influences of strains A and B. It will be an instrument that will probably be very useful in the autumn.
