THEeuro it loses share against the dollar and the European stock exchanges resume their purchases, also supported by the hope of a vaccine against the coranovairus and by Wall Street records.
The closure is clearly progressing, albeit below the highs of the day. Business Square rose by 1,34% to 19.858 points, driven by the performance of Atlantia, +16,23% in odor of spin-off of Autostrade and agreement with CDP. Out of the Ftse Mib it is still Tiscali to attract attention, +69,15%. A rally triggered on Thursday by the trade agreement with Tim (+0,82%) on optical fiber with the possibility, for the Sardinian company, of entering the capital of FiberCop in the future, the newco of the single network which should bring together all the big telecommunications companies in the country. Weak banks. In the area of the single currency they appreciate Frankfurt + 2,05% Paris + 1,9% Madrid +0,48%. Outside this perimeter London it rose by 1,36%, despite the fact that an agreement with the EU on Brexit still appears far away.
On the other side of the Atlantic, the start has been positive, even if Wall Street now moves countered with the Nasdaq down. Employment in the private sector in August disappoints: 428 jobs created, against expectations close to 1,2 million. At 20 (Italian time), the publication of the Beige Book by the Fed is scheduled. Michael Jordan contributes to bring the American indices to the basket: the title of DraftKings, a sports betting and e-sports company, following news that the basketball champion will join the company as a board adviser and shareholder. It is weak Apple Lossless Audio CODEC (ALAC),, after the rally in recent sessions that brought it to a market value of 2300 trillion dollars, higher than that of the entire FTSE 100, the stock index of the 100 most capitalized companies on the London Stock Exchange
Part of instilling optimism is faith in a vaccine against the coronavirus, which will put an end to this global nightmare quickly. For Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and member of the White House task force against the pandemic, if the results of the ongoing clinical trials are "extraordinarily good" there will be a "moral obligation" to interrupt the experimentation and start distributing the anti-Covid serum.
Even the Italian health minister Roberto Speranza says that vaccination could be achieved by 2020. ”In the last few hours – he claims – the contract between the European Commission and Astrazeneca for the production of the anti-Covid vaccine has been made final. This contract stems from the alliance signed by Italy with Germany, France and the Netherlands which prompted the commission to intervene. The first doses could be available as early as the end of 2020 "
The game of the markets is being played in recent days on the currency front, with the dollar weakening in recent sessions, after the Fed's turnaround on inflation and the awareness that the attitude of the American central bank will remain accommodating for a long time yet . The euro, which yesterday exceeded 1,2 for the first time since 2018, then began to fall at the moment the exchange rate orbits around 1,183, also in light of the disappointing flash estimate by Eurostat on inflation in August ( -0,2% the annual rate).
The session is negative for gold and oil. Spot gold loses 1,5% and trades at 1940,3 dollars an ounce. Brent is down 1,66% and trades at 44,82 dollars a barrel. However, US crude inventories fell for the sixth consecutive week according to data from the Energy Information Administration.
The negative trend of black gold weighs on the oil stocks of Piazza Affari, which are among the best-selling. Eni -1,29%; Saipem -1,13%; Theanaris -0,95%. At the bottom of the main basket it also stops today Bfor, -1,56%. Bad Unibelievet -0,99% e People of Sondrio, -6,74% with the risk that it will have to postpone the transformation into a joint stock company.
Queen of the list is Atlantia, following the indiscretions collected by Bloomberg, according to which the agreement with Cdp is now imminent. A meeting between the two CEOs Fabrizio Palermo (Cdp) and Carlo Bertazzo (Atlantia) was scheduled today to prepare the contents of an agreement that seems imminent after Palermo told Repubblica that he hoped for "tight times" for the closure of the 'deal. The extraordinary board of Atlantia will meet tomorrow and should approve the spin-off of the subsidiary Autostrade per l'Italia.
Rain of shopping for Intepump, +7,67%, after second quarter results above expectations. leap of Cnh + 4,49% Amplifon + 4,29% Campari + 3,39% Moncler +3,08%. Well buy the utilities.
spread down to 144 basis points (-0,89%), in a context of purchases of government bonds in the Eurozone. The yield on the 10-year BTP falls to 0,97% (1,05% yesterday), "in a market that is betting on new stimuli from the ECB - writes Reuters - in the wake of the Fed, after weak data on inflation Eurozone".
