Bags June 16 | Europe positive but cautious after the ECB rate hike
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European stock markets cautious at the start, in the aftermath of the ECB’s decision to raise the cost of money by 25 basis points. Number one, Christine Lagarde, he also announced a probable new retouching also in July. At the start Milan on parity, Frankfurt rises by 0.12%, Paris by 0.23%, Madrid by a fractional 0.09% and Amsterdam by 0.18%. Here the performance of stock exchanges in real time. The lists, however, could record a volatile trend, considering that today is the day of the “four witches”: futures on indices, futures on shares, options on indices and options on shares expire at the same time.
Business Square
In Piazza Affari A2A gains 0.6%, after the company announced yesterday that the board of directors authorized the issue, by 30 April 2026, of one or more unsubordinated, unsecured and non-convertible bonds up to a total maximum of 1.65 billion euros. The banks are cautious, with MPS dropping 0.35% after the jump of more than 2% on the eve. After the good performance on the eve, Fineco also lost more than 1%. Tim gives up half a percentage point, waiting for Vivendi’s moves, which failed to place its own candidate on the board. The Btp-Bund spread is stable in the 162 point area. Here the spread in real time.
Energies and currencies
On the currency market, the euro remains above the threshold of 1.09 dollars conquered yesterday: it changed hands at 1.0949 dollars (1.0923 yesterday at the close). The currency also changes hands at 154 yen (153.35), while the dollar/yen exchange rate stands at 140.68 (140.57). The price of crude oil consolidates the previous day’s prices: the WTI contract expiring in July rose by 0.17% to 70.74 dollars per barrel. Finally, after the sprint on the eve, gas is retraced in Amsterdam: it is worth 37.99 euros per megawatt hour, down 7.6%.
Asian bags
Stock markets in Asia and the Pacific are positive with Tokyo up (+0.66%) in the wake of the Japanese Central Bank which left rates unchanged. The BOJ, as expected, is following the Fed while the uncertainty on the trend of inflation and the uncertainties relating to wage prospects still weigh. Against this backdrop, the yen weakened while markets are eyeing China and expectations of economic stimulus. Hong Kong rose by 1.27%, Shanghai by 0.57% and Shenzhen by 0.91%. Seoul (+0.65%) and Sydney (+1.07%) also performed well. On the agenda of the day the Ecofin in Luxembourg. In Italy, Istat releases consumer prices for May and data on foreign trade and import prices for April. Final inflation expected in May from the Eurozone. June lens on household confidence (Michigan) from the United States.
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