Square Business turned Upward, Michigan Confidence Index Rises
Day's volatility for European stock markets, cautious waiting for the G20 summit in Toronto. Paris has closed -0.48%, -0.90% in London, Madrid and Frankfurt -0.47% to -0.69%. Milan Stock Exchange was the only to close in positive terrain thanks to the rally in banks, with the FTSE +0.10% to 19,962 in Eb points while the All Share stood just below parity (-0.01% to 20,484 points).
The lists have extended losses in early afternoon, after the downward revision of U.S. GDP for the first quarter, before recovering a bit 'with the June index on consumer confidence as measured by the University of Michigan rose to 76 points compared to 73.6 points the previous month. This is the highest level since January 2008. Meanwhile, the greek government has approved a bill to revise its pension system, a cornerstone of the policy agenda set by EU and IMF.
List on the Milan bank showed a good seal with Unicredit (+1.68% to 1.937 million), Intesa Sanpaolo (+3.56% to 2.33 euros) and MPS (+4.3% to EUR 0.9815 ). Closing in negative ground instead for Fastweb, which marked a decrease of .63% to 12.62 euros. Today the deputy prosecutor general of the Supreme Court, Sante Spinaci, asked to confirm the arrest warrants issued last March 18 by a court of Rome against Silvio Scaglia, former CEO of Fastweb, and entrepreneur Gennaro Mokbel.