European upward bags before employment data in the US

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By Jack Ferson

European upward bags before employment data in the US

He DAX rises 0.4%, over 23,881 points, the FT-100 advances 0.3%, over 8,801 points and CAC-40 opens at 7,763 points after rising 0.3% in the opening Eurostoxx 50 0.2%is recorded, over 5,331 points and the FTSE MIB rises 0.11%, to 39,819 points. The IBEX 35 wakes this Thursday with 0.27% increases at 14,080 points

On the corporate side, the Monte Dei Paschi Di Siena Banking (BMPS) has officially announced the start of a public acquisition offer (OPA) hostile on Mediobanca, after receiving the approval of the Italian financial supervisor to carry out this operation that will result in the third largest bank in Italy. The transaction is expected to be completed, annual cost synergies are generated for a value of 300 million euros for the combined group.

Ryanair has been forced to cancel 170 flights, which has interrupted the trips of more than 30,000 passengers, due to a national strike of aerial controllers in France, scheduled for later that day and Friday. The interruption occurs at the beginning of the summer holidays in Europe, one of the periods of greater influx of travelers of the year. The General Directorate of Civil Aviation (DGAC) on Wednesday on Wednesday to several airlines to reduce flights at Paris airports by 40% on July 4 due to the planned strike.

The paint manufacturer Akzo Nobel This Thursday has announced the appointment of Fredrik Westin as its financial director as of January 1. Westin will happen to Maarten de Vries, who completes his second four -year term as a financial director and will retire from Akzo Nobel in April next year. Westin has more than 25 years of international experience in the industrial and automotive sectors, the company reported in a press release.

Barclays has made effective a series of executive appointments in its Investment Banking division of Asia Pacific, with the aim of promoting regional growth, while globally reviewing the capital allocation to the business. The Restructuring of Asia Pacific is produced after the approach of the British banking group in optimizing the capital allocation in investment banking, in the middle of a triennial plan to cut 2,000 million pounds (2,730 million dollars) in costs, transferring resources mainly from this division to businesses with greater margin.

The Director General of Unicredit renewed his efforts to merge the Italian bank with his German rival Commerzbank, trying to defend his arguments in a letter addressed to German Foreign Minister Friedrich Merz. Last year, Unicredit acquired an important participation in the German entity and has requested a total acquisition, despite the resistance of the Directorate of Commerzbank and the German government, another important shareholder.

The pending job data bags in short session of Wall Street

Among the macroeconomic references in Europe, a compound PMI battery and services in Spain, Italy, France, Germany and the euro zone stand out.
This Thursday we will be attentive to the records of the last Interest rates of the ECB. We will monitor if it reveals some detail about the future strategy of the agency in the field of monetary policy.

In the United States, we will know the new unemployment subsidy requests.

Although The session reference will be the June Employment Report data in the United States. The creation of 120,000 non -agricultural payrolls is expected, less than the previous month, and that the unemployment rate rises one tenth to 4.3%.

Ayer The publication by the ADP payroll processor of the Net Private Employment Creation figures weighed in the bag’s behavior. In the US in the month of June, which negatively surprised analysts, by aiming at a destruction of 33,000 private jobs in the month, something that, in theory, should increase the probability that the Federal Reserve (Fed) lowers its interest rates, more before after.

In tariff matters, it should be noted that there is still not many news about the negotiation between the European Union and the United States, although it seems that the pact will be complicated Before the end of the 90 -day deadline established on July 9 To reach an agreement. «In addition, the recent rhetoric of the US president, Donald Trump, in this regard does not seem very favorable to the possibility of extending the aforementioned term, so some EU officials are already putting themselves in the worst case, which would entail the reimposition in a unilateral way by the US of the» reciprocal «tariffs. As we approach the deadline. increasing, ”says Link Securities experts.

After a mixed closure on Wall Street, in a session that Dow Jones closed slightly negatively, futures wake up the session with climbs. The future of Dow Jones advances over 44,511 points, andl S&P 500 0.07%is recorded, over 6,231.90 points and the future of Nasdaq 100 rises 0.12%, over 22,688 points.

Petroleum prices fall and reverse the profits of the previous session, in a context of concern for the weakness of US demand after government data showed a surprising accumulation of inventories in the largest crude oil consumer in the world. The future of Brent oil is left 0.6%, over $ 68.69 while West Texas fell 0.6%, over $ 67.05.

In the currency market, the euro dollar falls slightly against the dollar, to 1,1796 units and between cryptocurrencies, Bitcoin rises more than two percentage points, up to 109,423.7 dollars and Ethereum rises about 6%, over 2,597.52 dollars.

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