Positive Europe. Paris soars after election results

(Telestock) – Purchases on the Milan Stock Exchange prevailas well as the main European stock exchanges. Investors’ attention is focused on the vote in France, following the outcome of the first round of legislative elections, which confirmed the affirmation of Marine Le Pen’s Rassemblement National, credited with around 34%, while the formation of the President of the Republic, Emmanuel Macron, stops at around 21%. Also pay attention to UK elections on July 4thwhich will be added to the wait for the French second round on Sunday 7 July.

In the meantime, the Sintra central banking forum organized by the ECB where several speeches by Christine Lagarde and Jerome Powell are expected.

On the currency market, theEuro / US Dollar shows a timid gain, with an advance of 0.33%.Oro is substantially stable at 2,324.6 dollars per ounce. Oil (Light Sweet Crude Oil), increasing (+0.78%), reaches 82.17 dollars per barrel.

It goes down a lot spreadreaching +149 basis points, with a sharp drop of 8 basis points, with the yield on the 10-year BTP standing at 4.04%.

Among the markets of the Old Continent moves modestly upwards Frankfurtshowing an increase of 0.60%, a positive balance for Londrawhich boasts a progress of 0.37%, and purchases on a large scale on Pariswhich boasts an increase of 2.25%. In Milan, the FTSE MIB (+1.79%), reaching 33,748 points; along the same lines, a leap of FTSE Italia All-Sharewhich continues the day at 35,963 points.

Between best performers of Milan, highlighted BPER (+4,94%), MPS Bank (+4,31%), Sondrio People’s Bank (+3,14%) e Banco BPM (+2,69%).

The worst performances, however, are recorded on Leonardowhich gets -0.65%.

At the top of the mid-cap stock rankings from Milan, De’ Longhi (+3,08%), Alerion Clean Power (+2,69%), OVS (+2,58%) e Ferretti (+2,33%).

The strongest drops, however, occur on From Friendwhich continues the session with -1.22%.

Between macroeconomic variables of greater weight:

Monday 01/07/2024
02:30 Japan: Manufacturing PMI (expected 50.1 points; previous 50.4 points)
03:45 Chinese: Caixin manufacturing PMI (expected 51.5; prev. 51.7)
10:00 European Union: Manufacturing PMI (expected 45.6 points; previously 47.3 points)
14:00 Germania: Consumption prices, monthly (previous 0.1%)
14:00 Germania: Consumer prices, annual (expected 2.3%; previous 2.4%).

(Telestock) 01-07-2024 09:40

 
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