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Weak EU bags, eyes on duties and vote on the US budget. In Milan down Mediobanca and Mps

Mediobanca slips to Piazza Affari, general salt

Among the main Milanese titles, Mediobanca is at the bottom of the main list, after the placement of 3.5% of the capital by Banca Mediolanum, which took place at a 4.5% discount compared to the closing of Monday. Sales also on Banca Mps. Falling stmicroelectronics, Leonardo – Finmeccanica and Iveco Group, while accelerating Generali. Brunello Cucinelli, with the promotion of BOFA to ‘Buy’, and the utilities (A2A and Enel), is also up.

Dollar in decline, mildly raised oil

On the currency market, the dollar still loses ground after having recorded the worst start of the year from the end of the Bretton Woods system. The green ticket is indicated just above 1.178 for one euro (from 1,1743 on the eve at closing). On the energy front, the future for September on the Brent give more than one percentage point, on the $ 66.8 per barrel, while the August contracts on the WTI oscillate around equality, over 65 dollars. The price of natural gas exchanged in Amsterdam is slightly up to 33 euros per megawattora.

Japan, trust of large companies improves in June

It improves the trust of companies among the main Japanese producers, supported by the progressive recovery of the steel sector, pending greater information from the negotiations in progress with the Trump administration on the duties. This is what emerges from tankan relationshipconducted by the Department of Statistics of the Bank of Japan (Boj), which takes stock of the economic situation. In the period between April and June The manufacturing index It settles at +13, from the +12 of the previous quarter, exceeding the analysts’ estimates, while the index relating to large non -manufacturing companies, including the service sector, fell to 34 from 35 in the previous poll in March, recording the first drop in two quarters. The survey will be one of the key factors for the Bank of Japan (BOJ) at the next meeting in late July, when the Central Institute will also lead a quarterly review of the growth and prices forecasts.

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alexis.lex
alexis.lex
Lex chronicles youth-led activism, capturing the energy of marches, zines, and TikTok campaigns in on-the-ground dispatches.
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