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Stocks: weak Europe, good futures, eyes on US inflation

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(ANSA) – MILAN, JUL 13 – The main European stock exchanges are moving at a crawl after more than an hour of trading, starting with Milan and Frankfurt (-1.1% both). London (-0.8%), Paris (-0.65%) and Madrid (-0.52%) are more cautious, while US futures are proceeding in positive territory pending the data on overseas inflation, the most important of the week.

The GDP of the United Kingdom is better than the estimates, but no surprises on the German inflation, which remains at high levels compared to 2021 (+ 7.6%), as well as that of Spain (+ 10.6%) and France (+6). , 5%). The differential between German BTPs and Bunds is brought to 200 points, with the Italian annual yield growing by 4.1 points to 3.14%.

The minus sign prevails on all sectors, starting with the banking sector, in view of the upcoming semester season.

Sabadell (-3%), SocGen (-2.84%), Bnp (-2.57%) and Commerzbank (-2.16%), together with Bper (-3.66%), Banco Bpm (- 1.76%), Unicredit (-1.59%) and Intesa (-1.29%) in Piazza Affari.

The price of US crude oil below 100 dollars (Wti -0.78% at 96.62 dollars a barrel), the threshold on which Brent remains stable (+ 0.76% at 100.25 dollars a barrel), slows Eni ( -1.51%), TotalEnergies (-1.29%), Shell (-1%) and Bp (-0.9%). Weak car manufacturers Volvo (-3.7%), Mercedes (-3.52%), Renault (-2.9%) and Stellantis (-2.34%), while the luxury sector did well, from Cucinelli (+ 3.64%), after the preliminaries, to Hugo Boss (+ 2.18%) and Adidas (+ 0.9%). Little move Moncler (+ 0.15%), which resists in Piazza Affari together with Campari (+ 0.92%) and Diasorin (+ 0.08%), while Saipem fails to make a price (-31.66%) , pending the closing of the auction of unexercised rights, to be exercised by tomorrow. (HANDLE).

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Source: Ansa

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