(ANSA) – MILAN, JULY 20 – European stock exchanges are weak after an upward start in view of the ECB board that will decide tomorrow on rates and on the so-called ‘anti-spread shield’. Weak Milan (-0.3%) which also looks to the speech of Prime Minister Draghi in the Senate and Madrid (-0.17%), practically unchanged Frankfurt (+ 0.04%), little move Paris (+0.14 %), while London does better (+ 0.35%), extraneous to the decisions of the Eurotower. The differential between Italian BTPs and German ten-year Bunds rose to 199 points, with the yield down 7.4 points to 3.238%. According to rumors circulating in the trading rooms, the announced hike of 25 basis points on rates could be more substantial to rise to 50 following the inflation data in the Eurozone. (8.6% in June). Attention is then turned to measures to contain the “fragmentation” of government bond yields, even in the absence of details on the anticipated measure.
In no particular order the banks, with sales concentrated on the Italian Bper (-0.68%), Intesa (-0.43%), Banco Bpm (-0.36%) and Intesa (-0.25%) as well as on the Spanish BBVA (-0.63%) and Santander (-0.56%). The French Bnp (+ 0.83%), Credit Agricole (+ 0.77%) and the German Commerzbank (+ 0.7%) move against the trend. Weak cars were Volvo (-2.84%), Renault and Mercedes (-1.2% both), Ferrari (-1%) and Volkswagen (-0.9%), while Stellantis held (+ 0.24%) . It weighs among the producers of semi-conductors Asml (-1.8%), which has cut the estimates for the whole year. Good in Piazza Affari Stm (+ 1.07%). In the telephone field Tim stands out (+ 2.49%) ahead of Bt (+ 1.18%), Vodafone (+ 0.6%) and Freenet (+ 0.5%). (HANDLE).
Source: Ansa
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