The Korean crisis continues to affect the Stock Exchanges, causing a slowdown which, if events do not precipitate, could prove healthy after a season of absolute highs. The index Fte Eb it falls by around 0,3%, to around 21.800. The other price lists of the Old Continent are also more marked: Paris -0,5% Frankfurt -0,8%. Losses above the percentage point for London e Madrid.
The leap of the French telecommunications company should be noted SFR (+9,4%) after that Altice (+1,7%), the group led by Patrick Drahi increased its shareholding to over 95% and announced its intention to acquire the rest of the shares. Drahi intends to launch an offer on the American Charter Communication, valued at around 170 billion euros.
However, the signs of a rush to safe-haven assets are back. L'gold it is stable at 1.278 dollars an ounce: yesterday the yellow metal had gained 1,3%. The exchange euro Dollar is unchanged at 1,173.
More positive data is arriving from the Italian economy. There trade balance in June it recorded a surplus of 4,502 billion euros, compared to a surplus of 4,661 billion in the same month of 2016. It is traveling on values close to the absolute maximums.
This morning the Treasury placed Annual bots in the amount of 6,5 billion and a yield of -0,337%, up two basis points. Good demand, almost double the offer.
Lo BTP/Bund spread it rose to 157,8 basis points with the Italian 2-year yield at XNUMX% awaiting the publication of US data on weekly jobless claims and July producer prices in the afternoon.
A Reuters poll released this morning shows twenty-eight out of 50 economists bet that the ECB announces changes to the Qe purchase program in September, while for 15 of those questioned the most probable date will be October.
It still goes up Petroleum with Brent trading at 52,9 dollars a barrel (+0,6%), after gaining 1,1% yesterday following the drop in US hydrocarbon stocks. Crude reserves fell by 6,4 million barrels last week, nearly three times what the analyst consensus was expecting.
Positive movement in crude oil does not support sector stocks: Eni is unchanged, Saipem -0,8% Tenaris -0,2%.
The interest margin of Italian banks is struggling to accelerate, but the improvement in credit quality continues. This is a summary of what emerged, according to Equita analysts, from the second quarter accounts of Italian credit institutions. Meanwhile, this morning, however, the downward movement of the sector continues: Unicredit -1,4% Understanding e Bpm bank -0,4% Ubi -0,8%.
Insurance also goes down: Generali -0,5% Unipol -1%. General Bank falls by 1,1%. The industrial stocks moved little: Fiat Chrysler unchanged, Leonardo -0,5% stm + 0,1%.
Discounts for Recordati -1,1% and Buzzi -0,7%. Retrieve Campari (+ 1,3%). Erg +1,3% to 12,44 euros. The title reacts to the publication of the data for the quarter. In the April-June period, with unfavorable weather conditions, Ebitda fell by only 3% to 107 million euros, less than analysts' expectations. Net profit rose to 27 million euro.
Sias +2,31%. The second Italian motorway concessionaire reacts to the increase after the publication of the data for the semester, judged very positively by Equita.
