cautious session for the European stock markets and the Milan Stock Exchange, which are on track to close a very positive week, in a climate of prevailing optimism on the global economy and as investors seem having digested the possibility of an imminent rise in US interest rates. The eyes are now fixed on the speech that the number one of the Fed, Janet Yellen, held at Harvard University. Meanwhile, oil has failed to hold above $ 50 a barrel, in a market that remains cautious ahead of the OPEC meeting on 2 June this year and the dollar seems to have stabilized below the threshold of 1.12 against euro.
The European equity, therefore, appears cautious and sales are dominant (hence the performance of the main indices), particularly on banking stocks, still under pressure after news of the hyper dilutive launched by the Spanish Tour Popular yesterday renewed concerns about the soundness of credit institutions and has undermined the European sector. not even sign for Milan Stock Exchange, where banks, however, traveling at two speeds: shines Banco Popolare, which benefits from the positive opinion of Goldman Sachs and trolling with even if the People’s Bank of Milan. Weak instead Popolare dell’Emilia Romagna quoted by press rumors for a possible intervention of Veneto Banca, denied by a spokesperson (as happened yesterday to Ubi Banca, recovering today). Soul Holding down after the Creval sold 2% of the capital. Among petroleum well Tenaris, weak Eni.
Bags, Nikkei slightly up (+ 0.4%) in the post-G7. In April prices up 0.3% drop in Japan
Meanwhile, the G7 in Japan came a warning to the Brexit risk that, should they materialize, would cause according to many a world economic shock. A market closed tonight, the Moody’s rating agency will rule on Britain’s rating, currently Aa1 with a stable outlook. From China, the data for April on profits of enterprises show a slowdown compared to March (+ 4.2% y / y from 11.1%), while in Japan, inflation in April remained in negative territory for the second consecutive month. In the afternoon it is expected revision of the US GDP in the first quarter.
(Il Sole 24 Ore Thomson Plus)
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