European stock markets are weakening as we wait for US inflation numbers on Wednesday, probably decisive for the Fed's next rate decisions. To complicate the race of price lists also contributes the Russian diktat on banks: Moscow has banned investors from so-called hostile countries from selling shares in some banks and strategic energy projects until the end of the year. According to the decree, Putin could grant a special exemption in some cases, and the government and the central bank must prepare a list of banks to be submitted to the Kremlin for approval. The decree does not mention any particular investor. UniCredit, Intesa, the US group Citi and the Austrian Raiffeisen continue to look for options to exit Russia, while other banks such as Société Générale and HSBC have already found a way out.
The Russian diktat on banks slows down the European stock exchanges
In this climate, Piazza Affari -0,62% loses positions in line with the other European lists: the figure of leading indicator OECD in July it dropped to 98,7. TO Wall Street expectations coming from futures point to a slightly lower start this afternoon.
The cross Euro/Dollar trades at 1,023, +0,4%. The yield of Treasury ten-year period is equal to 2,78%, +3 basis points. The BTP trade at 3,04%, the Bund at 0,92%.
Il Petroleum crude oil at 90,06 dollars a barrel -0,7%. The decline is influenced by the latest progress achieved in talks to revive the 2015 Iranian nuclear deal, which would allow Tehran to increase exports.
In the list of Piazza Affari it is the day of the Towers.
Soar Rai Way +7,1% at the highest since July, with sustained volumes, and shares are also rising well Mediaset for Europe +2% in view of a resumption of the merger project between the subsidiary of the Rai towers and Ei Towers. An extraordinary dividend is also envisaged for both companies.
Banks: the Bigs moved little, despite the news arriving from Russia. The Bper race continues +2% in the wake of good quarterly results.
The Antitust punished Unipol and Generali +0,7% for having adopted an unfair commercial practice in violation of the Consumer Code during the settlement of Motor TPL damages. According to a note, in consideration of the seriousness and duration of the practice, the Authority imposed a fine of 5 million euros on each company, the maximum allowed.
The energy sector is weak. Snam and Terna they yield around 1%. Saipem also down -0,95%%.
Out of the main index still well collected From Nora which, after Monday's tear, is up another 0,5 today supported by positive comments from Goldman Sachs which has started hedging the stock with a 'buy' rating.
