Stock market today June 20 | Weak Europe eyes on central banks

European stock markets fell in the wake of the mixed performance of Asian stock markets after the Chinese central bank cut the cost of money by reducing the two key rates used to estimate consumption and the economic cycle. Central banks will continue to be observed under special conditions, pending the decisions of the Bank of England and the Swiss central bank and the words of the chairman of the Federal Reserve, Jerome Powell, in the US House. The spotlights will also be on Wall Street, which returns to trading after yesterday’s holiday break.

European stock exchanges

Milan lost 0.4%, Paris 0.27%, London 0.18%, Madrid 0.14% and Amsterdam 0.44%. Frankfurt lost 0.4% after producer prices of industrial products in Germany fell by 1.4% compared to the previous month. The spread opens stable at 160 points, as on the eve, while the 10-year yield drops to 4.08% from the previous 4.12% (here the spread in real time).

Business Square

Telecom takes off in Piazza Affari (+2.36%), after the board of directors has started the analysis of the offers received for Netco, with the examination which will end on June 22nd. Utilities also showed a modest increase (Snam +0.79%, Terna +0.74%), while Moncler slipped at the rear (-2.3%). Weak Stellantis (-0.7%), on the day in which a joint venture with Foxconn was announced to design and sell, starting from 2026, cutting-edge semiconductors for the automotive industry (here the performance of the price lists).

Currencies, oil and gas

On the currency front, the euro remains above the threshold of 1.09 dollars and changes hands at 1.092. The price of oil turned positive after the previous declines, while questions were raised about the health of Chinese demand: August WTI futures increased by 0.29% to 71.52 dollars a barrel, those of Brent with the same maturity 0.28% to $76.3. Gas futures traded in Amsterdam, after having scored a first position at 35.5 euros per megawatt hour, rose by 8.5% to 37.89 euros.