(ANSA) – MILAN, JUN 08 – The main European stock exchanges are turning down, canceling the modest increases marked at the beginning. Milan (-0.5%) is the worst, preceded by Paris (-0.43%), Frankfurt (-0.39%), Madrid (-0.2%) and London (-0.18%). The differential between German BTPs and Bunds rises to 203 points, with the Italian annual yield rising by 7.2 points to 3.35%.
US futures weigh heavily, falling almost half a percentage point, while on the macroeconomic front, industrial production in Germany rose less than estimated in April, although reversing the trend recorded in March. Eurozone employment data is on the way, while wholesale inventories and oil stocks are expected in the US, expected to fall by 1.91 billion barrels, up from 5.06 billion last week . According to the Api (American Petroleum Association), US crude oil inventories rose by 1.84 billion against an expected drop of 1.8 billion barrels. In the meantime, the barrel remained stable at around 120 dollars for Brent and WTI.
Credit Suisse slips (-5.87%) after yet another alarm on the accounts. Weak Banco Bpm (-1.8%), Unicredit (-1.5%), Banco Sabadell and Bbva (-1.27% both). Prosus did well (+ 8.19%) after the green light for new video games in China, while I held the luxury titles due to the reopening after the Covid restrictions in the country. Hugo Boss (+ 1.53%) and Mips (+ 1.88%) are up, unlike Moncler (-0.3%). Cauta Ferragamo (+ 0.12%) (ANSA).
Source: Ansa
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