European bags open the Fed week with the most signafter the agreement on the duties between the EU and the USA while waiting for details from the imminent commercial negotiations between China and the Trump administration. The area index of the Old Continent, the Stoxx 600, three -quarters rooms with tech and pharmaceuticals in evidence. Among the individual squares Milan extends to+1.1%with STM in sprinkling (+3.2%) followed by Banco BPM (+2.35), Unicredit (+2.2%) and Bper (+1.8%), the latter after the closure of the Opas on the popular Sondrio (-0.4%). Leonardo down (-1.64%) together with Moncler (-1.08%). Outside the main basket, the MFE ACS 4.75% with the relaunch of the offer on continues which instead flies 9% to 7.67 euros in Frankfurt (+0.43%).
Paris Lima, compared to the start, to +0.86%. London remains the most cautious with the Ftse 100 at +0.18%. On the front of the raw materials, the price of the gas is flat for 32.5 euros per megawattora while it slightly rises oil. The WTI marks a +0.25% to 65.3 dollars and the Brent a +0.29% to 68.6 dollars per barrel. The spread between BTP and Bund remains planted at 82.8 points, close to the minimums from September 2008. As for changes, the euro is weak on the dollar with the single currency that exchanges 1,1680 on the green ticket.
Meloni: fight again on the duties, let’s see the exemptions
“It will be necessary to study the details of the agreement, it will be necessary to work on the agreement because the one signed yesterday is generally, legally not binding, so in detail you still have to go, there is still to be fighting.” Said the Prime Minister Giorgia Meloni speaking with the reporters in Addis Ababa of the intended on the duties between the USA and the EU. For example, “we must check what possible exemptions, particularly on some agricultural products, there are a series of elements that are missing as I don’t know what we are referring to when it comes to investments, purchase of gas” etc., “this is not able to evaluate it until I have clear data”.
EU sources: “Contra-Dazi will be suspended from August 4th”
The European Commission awaits that the executive decrees of the United States for the introduction of the 15% duty to be actually adopted on August 1st and, immediately afterwards, provides for the suspension of the EU countermeasures starting from August 4, thus avoiding the activation set for the 7. reactivate if necessary. However, the same sources specify, “it is not from this hypothesis that we will start for the new phase of transatlantic relationships”.