Stock market: Milan cautious (+ 0.35%), Moncler runs, Saipem down

Construction, in Naples the protest of entrepreneurs, workers and owners (ANSA)

(ANSA) – MILAN, 02 JUN – Piazza Affari appears cautious after almost 3 hours of exchanges. The Ftse Mib index (+ 0.35% at 24,365 points) remains below the level marked at the opening between thin exchanges for 350 million euros, due to the absence of English operators, stopped to celebrate the 70 years of the reign of Elizabeth II. The differential between 10-year German BTPs and German Bunds stabilized at 202.1 points, with the Italian annual yield growing by 2.9 points to 3.224%. In light Moncler (+ 2.16%), on the long wave of reopening in China after the Covid emergency, which favors the entire luxury sector in Europe. Followed by Diasorin (+ 1.61%), Campari (+ 1.37%), Tim (+ 1.11%) and Stm (+ 1.1%), while Iveco deflates (+ 0.13%) after the initial rise and holds Stellantis (+ 0.47%).

Sales on Saipem continue (-1.93%), which sold its onshore drilling activities on the eve of the eve. The stock also suffers together with Eni (-0.72%) due to the drop in crude oil (Wti -1.92% to 113.02 doillari per barrel) pending the imminent OPEC + summit. Tenaris also sells (-0.76%), despite the rise in steel (+ 0.83% to 4,733 dollars a ton). Generali (-0.71%) and Unicredit (-0.22%) also fell. Intesa almost unchanged (+ 0.05%), Banco Bpm (+ 0.22%) slightly up, Bper (+ 0.73%) brighter. Slight increases for Mps (+ 0.39%) and Bps ( + 0.32%). (ANSA).

Source: Ansa

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