Piazza Affari accelerates further, with the Ftse Mib index up by 1.7% to 20,900 points.
The differential between German BTPs and ten-year Bunds drops to 212.5 points, with the Italian yield down 1.4 points to 3.22%, after the postponement of confidence in the Draghi Government in Parliament by the President of the Republic Sergio Mattarella .
In the light of Pirelli (+ 4.36%), driven together with Stellantis (+ 2.7%) by car sales in Italy, France and Germany.
Intesa (+ 3.07%) and Banco Bpm (+ 2.82%) run, followed by Bper (+ 1.67%) and Unicredit (+ 1.35%).
Eni did well (+ 1.35%), Saipem weighed (-23.76%) once the capital increase was completed.
Positive European stock markets in the last session of the week, marked by the
slowdown of the economy in China due to Covid
(GDP + 0.4% in the second quarter against an expected rise of 1%).
The differential between German BTPs and Bunds fell to 212.9 points, with the Italian annual yield losing 0.5 basis points to 3.232%.
US futures were positive in view of retail sales, the New York State manufacturing index and industrial and manufacturing production in June.
ANSA agency
China: Covid slows GDP, only + 0.4% in the second quarter - Economy
Very high account for the 'zero tolerance' policies at Covid-19, which cost Shanghai the total blockade in April and May, among other things.
For the city, the economy is at a peak, -13.7% (ANSA)
Crude oil has changed little (Wti + 0.06% to 95.85 dollars per barrel), gas reduces the decline (-0.45% to 174.25 euros per MWh in Amsterdam), while metals remain weak starting from from iron (-7.32% to 664.5 dollars a ton) and from steel (-4.24% to 3,704 dollars a ton) due to the drop in demand in China.
The euro improves, which exceeds the dollar by 0.32 cents with respect to the parity reached.
Positive were the automakers Volvo (+ 2.18%), Renault (+ 2.12%), BMW (+ 1.7%) and Stellantis (+ 1.6%) after the data on car sales in Italy, France and Germany, while the Chinese GDP data sinks the luxury sector, from Burberry (-5.34%) to Richemont (-4.58%) and Moncler (-2.16%) in the Piazza Affari.
On the other hand, semiconductor manufacturers Be (+ 3.69%), Asml (+ 3.05%) and Stm (+ 2.08%) run.
Purchases of oil TotalEnergies (+ 1.7%), Bp (+ 1.54%), Shell (+ 1.34%) and Eni (+ 0.77%), while Saipem (-23.61%) slips again after the successful conclusion of the € 2 billion capital increase.
Positive were the banks Intesa (+ 2.95%), CaixaBank (+ 2.64%), Sabadell (+ 2.6%), Banco Bpm (+2.51%), NatWest (+ 2.42%), Santander (+ 1.84%), Commerzbank (+ 1.64%) and Unicredit (+ 1.58%).
