Ftse Mib closed higher, spread stable

Swinging session for the Milanese list on the eve of the publication of the important update on the trend of the US labor market in May. After the intraday lows recorded at the halfway point, our Ftse MIb closed in positive above 25 thousand points (+ 0.29% at 25,452.33 points). As for the first economy, the numbers arrived today, the ADP estimate has grown by 978 thousand units and the new requests for subsidies have registered the new low since the beginning of the pandemic at 385 thousand units, bodes well. For the month that has just ended, experts expect a positive balance of payrolls in the non-farm sectors (non-farm payrolls) of 645,000 units. With oil at its highest in two and a half years at $ 71.5 per barrel, positive performances in Milan were recorded by the trio made up of Saipem (+ 1.39%), Tenaris (+ 0.85%) and Eni (+ 0.68%). Money also on stocks in the industrial sector, with Pirelli and Prysmian up by 2.37 and 1.92% respectively. Among the banks we point out the 0.91% of Banco BPM which, according to rumors, is about to announce the sale of 1.5 billion of impaired loans. Above parity also UniCredit (+ 0.34%) and Intesa Sanpaolo (+ 0.14%): according to the numbers reported by “il Sole24Ore”, the overall badwill of the sector to be used for business combinations would amount to approximately 20 billion euro.The rally of H-Farm stands out (+ 13.28%) after the news of the acquisition of Depop (an app born in H-Farm in 2011) by the e-commerce giant Etsy for 1, 6 billion dollars. On the sovereign debt front, the spread between our BTPs and German Bunds did not register noteworthy changes at 102 basis points. (in collaboration with money.it)