Piazza Affari still loses altitude and leads the declines of the European stock exchanges, in the aftermath of theannouncement of the first interest rate hike by the ECBin July. The Milan stock exchange loses 5.05%, after the inflation figure in the United States and the consequent worsening of the futures on Wall Street with the prospect of a closer monetary tightening . The other European equity indices also worsened with Madrid close to -3% and Paris and Frankfurt down by about 2%: this is the reaction of the European stock markets to the US inflation data, which flies to 8.6% in May. at the highest levels of the last 40 years, exceeding forecasts. The core index, net of energy and food, is that. Countered the futures of Wall Street. The euro accentuated the weakening against the US currency to $ 1.055, a three-week low.
–
Italian government bonds are always under pressure, with the spread between BTPs and Bunds, which towards mid-session travels to 223 basis pointsafter hitting a daily high of 225. The yield on the Treasury product at 3.64% after a higher level in this last session of the week marked for now at 3.67%. Sales to Italian banks are accentuatedwith various suspensions in the liquidity auction. Bper collapses (-12.7%) in a market disappointed by the new industrial plan. Banco Bpm sells 10.9% Unicredit 8.2% and Intesa six percentage points. Outside the credit sector, Iveco and Tim drop by 6%. Among the main titles they try to keep Ferrari, Atlantia and Diasorin which drop by a few fractions of a point.
–
After US inflation data at its 40-year high, Wall Street also opened in sharp decline. The Dow Jones loses 1.62% to 31,751.32 points, the Nasdaq drops 1.65% to 11,558.31 points while the S&P 500 drops 1.58% at 3,954.21 points.
–
