closing in the red for the European lists, which remain in fractional decline in the afternoon after the off-key opening bell on Wall Street. However, the stellar debut of marijuana was recorded on the Nasdaq, with the listing of Tilray (+20%), Canadian company that grows and markets cannabis in compliance with federal licenses.
At the origin of the generalized weakness, on the other hand, there are a series of mixed quarterly reports and the many tensions at an international level, starting with the challenge on tariffs. Cecilia Malmstrom, EU trade commissioner, announces retaliation if the US hits the auto sector, while US President Donald Trump intervenes against the European sanction on Google.
Business Square it loses 0,4% and drops to 21.885 points, with most banks still retreating. AND Buzzi Unicem (-3,51%) however the worst big of the day, after the reduction of the target price (to 24,50 from 25,50 euros) by Kepler Cheuvreux. Well instead FCA, +1,35%, in wake to press reports on the start of the spin-off and listing of Magneti Marelli.
Climate analogous to Frankfurt -0,62% Paris -0,56% Madrid -0,33%. Outside the euro area, it rises slightly London, +0,12%, with the pound still weak and Brexit unknown. Just down Zurich -0,11%. On the corporate front, sprint's Iliad in Paris (+7,7%) after the data on subscriptions in Italy, while the Swiss lock giant Dormakaba Holding (-18%) discounts the results for the 2017/2018 financial year lower than estimates and the target price under review by of Vontobel. Earnings forecast down for tech Babcock (-9% in London), while Publicis (9,85%) slows down in Paris after the decline in quarterly sales.
THEeuro it appreciates against the British currency (cross 0,893) but remains weak against the dollar, in the 1,16 area. The greenback overtook the Beijing currency after the Chinese central bank this morning devalued the yuan by 0,23%, depreciating the renminbi for the sixth consecutive session to its lowest since last August: the PBoC set the exchange rate at 6,7066 .6,6914 compared to XNUMX.
The US currency remains well tuned thanks to solid growth, confirmed by Federal Reserve Governor Jerome Powell in recent days and given some macroeconomic data today. In particular, initial jobless claims fell to their lowest since 1969 and the Conference Board super-index, with expansion in June higher than estimates (+0,5%, versus +0,4% expected).
Among the raw materials the Petroleum, like Brent, rises by 0,44%, to 73,22 dollars a barrel, while the downward race of gold never stops. The price drops to 1216,19 dollars an ounce (-0,91%).
The session was slow for Italian bonds: the 2,51-year yield is XNUMX%; the spread with the Bund it is 217.70 points (+0,66%).
The ranking of the Ftse Mib titles sees in the first places, behind FCA, Campari +1,14%; Pirelli +1,22%; Post +0,67%; A2a + 0,67%.
At the bottom of the list, after Buzzi, you can find them Unicredit -1,59% (which falls below 14 euros per share); Bpm bank -1,41%; Understanding -1,62%. Down too Unipolsai -1,24%.
Out of the main list it remains on the shields TV world +10,79%, while losing share Gima Tt -4,63%.
