Red bags in front of the European Central Bank. The government crisis keeps Milan under control (-1.6%). Spread to 221

Wall Street is recovering, the effervescent chip sector

Indications Wall Street Waiting for the quarterly reports of Tesla, United and other companies to close the markets, hoping for a similar recovery to what it was in the previous session. Tesla is gaining 0.6% in the market, while United Airlines is reporting tepid +0.19%, evidence of the difficulties of recovering from the pandemic of the entire aviation sector. Chip companies are reacting favorably to the news that the US Senate has approved a $52 billion bill to boost domestic production, although more passage is needed in the House now, before presidential signature. Shares of Intel and Texas Instruments rose 0.4%, and Nvidia rose 4.02%, or 0.6%.

Negative banks in Milan in Saipem . queue

In the tense climate in Italian markets, bankers are working with Intesa San Paulo And the Unicredit together with Saipem And the italgas. Among the few in returnStmicroelectron Which accelerated in the final thanks to the NASDAQ index pushing predictions above Netflix expectations (which recorded a lower-than-expected subscriber drop). The semiconductor sector is doing well: the US Senate has voted on one design
A $52 ​​billion bill will support US chip manufacturing to beat Chinese competition.

Spread is above 220 waiting to understand Draghi’s fate

The difference between the BTp and the Bund on the critical situation of the Draghi government is growing, after the position expressed by the League and the center-right, is one step closer to falling. The yield differential between the ten-year BTp benchmark (Isin IT0005436693) and the same German maturity is indicated at 221 basis points from the 214 points recorded in the previous final. The yield of the benchmark ten-year BTp fell to 3.47% from 3.43% at the close overnight. During the response in the Senate by the Prime Minister requesting confidence to be able to continue the exercise work, the yield rose to 3.6% with a spread approaching 240 points.

The stability of gas and oil prices is declining

Oil price is weak: Brent contract for September delivery slows by $107 a barrel and the same maturity contract on WTI drops to $99. US oil inventories fell last week, against expectations of a slight rise. It recorded a decrease of 0.445 million barrels to 426.609 million units, against expectations of a rise of 0.6 million. According to data released by the Ministry of Energy, gasoline stocks rose by 3.498 million barrels to 228.435 million barrels, against expectations of +0.2 million.

The increase in the price of gas in Amsterdam is limited to 155 euros per megawatt-hour. The European Commission has launched a proposal to reduce gas consumption by each member state by 15% in the period from August 1, 2022 to March 31, 2023.