MILANO – The European stock exchanges closed in contrast with Milan which excelled in the Vecchio Contiente closing at + 1.12%. The other financial centers are more delayed: London slips by 0.07%, Frankfurt yields 0.29% e Paris adds 0.69%. The Milanese market is driven by the banks: Popolare di Sondrio (+ 3.11%) runs in Piazza Affari, with Unipol (-0.27%) the first shareholder with a stake of 6.9% and with the assumptions of risks that would see Bper involved (-0.3%). In the Old Continent there is an improvement in German consumer confidence who look to June with optimism thanks to the reduction of infections and the gradual reopening of economic activities. The Gfk index is expected to rise to -7 points after falling to -8.6 points in May (revised figure). Positive indications have also arrived in Italy from consumer and business confidence of Istat.
Positive Wall Street, supported by the good data coming from the weekly requests for unemployment syxides, dropped to 406 thousand this week (-38 thousand compared to last week, recording the best data since the beginning of the pandemic. In line with expectations, the second reading of the US GDP in the first quarter, which confirmed the + 6.4% highlighted one month ago in the preliminary data.
Numbers that come after China and US business affairs leaders had their first interview today under the administration of US President Joe Biden. In a statement, the Beijing Ministry of Commerce reported that Vice Premier Liu He and US Trade Representative Katherine Tai had a “frank, pragmatic and constructive” conversation. Positive aspects that emerge, however, in a moment of strong competition between the two world economic superpowers.
In the morning, the Tokyo Stock Exchange closed 0.33% down at 28,549.01 points. Caution prevails among investors and fears are gaining ground over the withdrawal of the emergency stimulus plans for the economy that have so far supported equity markets.
L’euro closed higher on the currency markets. The single European currency is trading at $ 1.2201 and at 133.84 yen.
Among the commodities, the prices of the Petroleum are on the rise The eyes are on negotiations between Iran and the United States: on the one hand there is the prospect that the return of Iranian crude oil to the markets will cause an excess of supply, on the other hand there is the expectation of an increase in demand for fuel in the USA, thanks to the progressive easing of the anti- Covid: WTI increased 0.60% to 66.62 dollars a barrel, Brent 0.38% to 69.13 dollars. L’oro is in very slight increase: the precious metal with delivery in August is trading at 1906.10 dollars an ounce with an increase of 0.12%,