Stock market today 14 June | Europe opens weakly in view of the Fed- Corriere.it

Stock market today 14 June | Europe opens weakly in view of the Fed- Corriere.it

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The Milan Stock Exchange opens little changed with the Ftse-Mib index just above parity (+0.04% to 27,578 points). In evidence Stellantis and Unicredit up by 0.5%. The shares of the Mediaset holding (Mfe A -0.4% and Mfe B -0.3%) are retracing after the rally of recent days. Mediaset stocks retraced to Piazza Affari after the rallies of the last two sessions, following the death of Silvio Berlusconi. The Mfe-Mediaforeurope type A shares, which give the right to a single vote in the shareholders’ meeting, leave 4.23% on the ground while the MFE B, with ten votes for each share, lose 3.90%. Here the price list in real time.

European stock exchanges

The European stock exchanges open weak awaiting the decisions of the Fed on monetary policy. After falling inflation, investors are betting on a pause in rate hikes. Spotlights also focused on the next moves of the other central banks including the ECB. Decreasing start for London (-0.18%), flat Frankfurt (-0.07%) and Paris (-0.01%).

Spreads

Opening slightly up for the spread between BTp and Bund. The yield differential between the ten-year benchmark BTP (Isin IT0005518128) and the same German maturity indicated at the start of the session at 164 basis points, one point more than yesterday’s closing. The increase in the yield of the ten-year benchmark BTP was more marked, rising to 4.09% compared to 4.06% on the previous day. Here the spread in real time.

Asian bags

The stock market rally in Asia was interrupted, only Tokyo (+1.47%) is still running supported by Toyota (+7%). Shanghai little changed (-0.07%) awaiting monetary policy decisions and Hong Kong slipping towards the end, down by 0.48 percent. In particular, the shares of Asian producers and suppliers of electric vehicles show off after Tesla’s gains in the US, on the shields for the thirteenth consecutive session. Li Auto jumps 9%, Xpeng 8.8%, Nio 7.1%, Toyota climbs 7.1%, Honda 4.3% and Nissan 2.6%, Hyundai Motor in Korea by 1.8%, Kia by 1.7%

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