EU bourses cling to Wall Street and wait for the Fed, Milan closes at +0.4%. Spread at 202 pips

EU bourses cling to Wall Street and wait for the Fed, Milan closes at +0.4%.  Spread at 202 pips

(Il Sole 24 Ore Radiocor) – Withdrawal Wall Street, which rebounded after a long weekend in an attempt to recover part of the $2 trillion that US stock markets burned last week, has buoyed European stock markets. there continental exchanges Thus, they were able to consolidate the positions they obtained yesterday thanks to the assurances of the President of the European Central Bank, Christine Lagarde, on the effectiveness of the anti-proliferation shield. Investors’ attention is now turning abroad, with Federal Reserve Chairman Jerome Powell’s bi-monthly testimony due in the US Senate tomorrow, through which the market hopes to get more information about the central bank’s future moves to curb “inflation”. In Piazza Avari FTSE MIB It ended the day 0.39% higher. Among the Milan stocks with the highest capitalization, Leonardo – Finmeccanica After the announcement of the merger with Rada Electronic Industries’ US subsidiary Drs, a supplier of advanced software-defined tactical military radars, already listed on Nasdaq and Tel Aviv. The banks also performed well, led by Banco Bpmas well as top industrialists such as Stilants And the Stmicroelectronics (+2.57%). Backup instead my recordings, which declined after a series of positive sessions. Utilities are in red.

Rip Leonardo thanks to Rada’s merger into Drs

As for Leonardo, purchases were started from the very beginning as soon as news emerged of the US subsidiary The two doctors and Rada Electronics Industries signed a binding agreement for the merger By Rada in Leonardo D. A move that analysts consider “strategic”. Rada is a supplier of advanced software-defined tactical military radars, already listed on Nasdaq and Tel Aviv, and upon completion of the deal, expected by the end of the year, Drs will also be included in both lists. In detail, Drs will acquire 100% of Rada’s share capital in exchange for the assignment to existing Rada shareholders of approximately 19.5% in Leonardo Drs which Leonardo, through its US subsidiary Leonardo Holdings, will continue to own in the ’80. , 5 percent.

In Milan, bankers continue to rise, utility sales

Bankers are still immersed with Banco BpmAnd the Unicredit And the Intesa San Paulo, are among the securities that are raising their heads thanks to the European Central Bank’s hypothesis against the spread of the shield. Investor purchases focus on IVECO Group which announced its intention to return to bus production in Italy (by requesting access to Miz’s “development contracts” as part of the opportunities offered by the National Recovery and Resilience Plan). In the automotive sector, good Stilants And the CNH Industrial. BETWEEN SALE TLC Telecom Italia struggling with Network evaluation by Vivendi’s French partners At 31 billion euros, which analysts seem to be “cool” as it may be an obstacle to a merger with OpenViber. At the bottom is the list of utilities with the extension ternaAnd the A2a And the italgas.

Spread stable at 202 pips, return at 3.8%

The Spread between BTp and Bund The session ended at unchanged levels by the end of the preliminary day for Eurobonds, which recorded limited movements. The yield spread between the ten-year BTp benchmark and the same German maturity settled at 202 pips at the end of the day, unchanged from the previous session. On the other hand, the rThe end of ten years BTp The record held last place at 3.80% from 3.77% at the close on the eve of the day.

Euro breaks $1.05, yen hits lowest since 1998

On the foreign exchange front, the euro is consolidating above $1.05 and trading at 1.0558 (from 1.0531 yesterday’s close). The yen was weak, falling to 143.81 per euro (from 142.15) and 136.19 per dollar (from 135.02) after hitting a new 24-year low of 136.34. The gas rush continues due to export cuts by Russia with prices reaching €125.5 per megawatt-hour (+4%). Finally, the price of oil rebounded with WTI futures for August at $110.14 (+1.22%) and Brent crude at $115.41 (+12%).

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