Pending the Fed's minutes, gains in Europe prevail. The Ftse MIb closed down by 1,58%, Paris -0,91%, Frankfurt -1,31% and London by 0,46%. Even on Wall Street the indices continue in negative territory. The markets are waiting to understand in which direction the US monetary policy will move hoping to have more details from the minutes of the end of July meeting of the Fed which will be published this evening. After the statements William Dudley, vice president of the monetary committee of the central bank, another central banker, Dennis Lockhart, has increased the dose: the tightening of the Fed between now and the end of the year could be two, one in September, the other at the end of the year . The euro-dollar exchange rate is stable at 1,1269.
The day is lacking in ideas on the macroeconomic front. However, data on inventories galvanized oil which rose with WTI up 0,39% to 46,76 dollars a barrel and Brent up 1% to 49,72 dollars a barrel. Last week, strategic reserves of crude oil fell by 2,5 million barrels against a rise of 0,5 million expected by the consensus.
On the corporate front, watch out for Cisco: according to press rumors, the Californian giant is about to announce the cut of 20% of its workforce, the largest in its history, equal to 14.000 employees. At the close of the markets, the American company specialized in network infrastructures will announce the accounts for the fourth fiscal quarter and for the full year.
The Btp Bund spread widens to 116 basis points and a yield of 1,12%. In Piazza Affari, only three stocks are positive on the Ftse Mib: Telecom Italia +1,58%, Ferrari +0,78% and Prysmian +0,28%.
The TLC company benefits from the return to optimism of some investment houses just as Maranello draws support from the judgment of Morgan Stanley analysts who raised the target price of the stock to 56 dollars (49,7 euros) from the previous 54 euros and Overweight judgment confirmed. Meanwhile, news has arrived that George Soros has liquidated his stake in the Red Army.
Rcs +4,65% flies outside the main basket: you bet on the innovations that Cairo will introduce. The possible integration between the two publishing groups, Rcs Mediagroup and Cairo Communication, pleases the market, as well as the possible developments on the front of the Spanish subsidiary Unidad Editorial which controls the newspaper El Mundo, as well as Marca and Expansion
Among the worst stocks in the main basket, Ubi Banca dropped 3,82% after some shareholders notified the institute of summons containing requests for compensation in relation to the amount of the repayment of the shares subject to withdrawal following the transformation of Ubi Joint stock bank. Mps -3,30%, Bper -3,15%, Azimut -2,89% and Finecobank -2,67% are also bad.
