Stock exchange today June 7 | Subdued start between ECB hawks and Chinese exports, Milan -0.3- Corriere.it

Start of session down for the stock market. The Ftse Mib index marks -0.27% to 26,963 points. Piazza Affari is weak in a context of overall uncertainty for the European stock exchanges, which navigate on sight between signs of an economic slowdown and expectations for further monetary tightening by the ECB. Monte Paschi continues to rise on the list (+1%) on the bet of developments in banking risk, with possible aggregations in the sector. Possible candidate, according to press hypotheses, could be Bper which scores +0.3%. Among the other blue chips, Pirelli loses 1.1% while the Golden Power proceeding is underway which will lead to a delay in the appointment of the new board, scheduled for a meeting by the end of July. Little pronounced movements on the rest of the price list, with reductions for Iveco (-0.9%), Interpump, Diasorin. Safilo scores another +5% after the announcement of a new licensing agreement with Etro (here the price list in real time).

Spreads

The spread between the ten-year BTPs and the equivalent German Bunds opens at 178.5 points, little moved compared to yesterday’s closing. The yield drops to 4.131% (here the spread in real time).

Euro and dollar

The euro opens down below 1.07 dollars. The single currency changed hands at $.0686 and fell against the yen to 148.85. Traders are weighing the odds of a rate hike by the Federal Reserve next week. The greenback lost ground against the Japanese currency and slipped to 139.28.