Slow down at the end of the morning Business Square after a successful start. The index dropped 0,25% just below 21.200 points. Plus sign for Paris e Frankfurt, both +0,3%, in line with the comforting indications coming from Tokyo and China: Bank of America Merrill Lynch writes that the Chinese authorities, in response to US tariffs, will soon implement monetary and fiscal stimuli , so as to increase domestic demand. Flat London, pending developments in the Brexit negotiations, today at the center of the EU meeting in Salzburg.
The performance of the XNUMX-year BTP, to 2,83% from 2,78% at the end.
The trend in capital flows from international investors has reversed. In July, government bond purchases were made for 8,7 billion euro against the 33 billion divested since June.
At 15 pm Mario Draghi and German Finance Minister Olav Scholz will speak in Berlin.
La balance of payments Italy recorded a surplus of 8,607 billion euros in July. Over the twelve months up to July 2018, the current account surplus stood at 49,3 billion euros (44 billion in the same period of 2017).
Il Petroleum Brent reached 79,2 dollars a barrel, also following the rumors circulated yesterday afternoon on Saudi Arabia's unwillingness to favor the drop in oil prices, as the Trump administration would like.
In evidence in Piazza Affari the Agnelli stable. Fiat Chrysler +1,6% to 15,33 euros following the publication of the data boom in sales in Europe of the sector, supported by deep discounts to allow manufacturers to empty their warehouses before the introduction of new anti-pollution tests.
It still goes up Ferrari (+0,85%) later the Investor Day. Equita believes that the new Icona family represents a confirmation of the strength/uniqueness of the brand that deserves best-in-class multiples in the luxury sector. The target price rises to 132 euros and the rating remains buy. Jefferies and Citigroup also confirmed the buy rating and a target price of 125 euros. JP Morgan raised its target price.
Retrace instead Prysmian (-1,9%), the worst blue chip.
Tim -0,8%. On September 24, the board of directors is expected to approve the sale of the television assets, an offer for Persidera has arrived.
Little moved the banks with the exception of Carige (+2,30%), on the eve of the confrontation in the meeting between Vittorio Malacalza and the Mincione list which will be able to dispose of 9,90% after the OK from the court.
Unicredit + 0,3% Intesa Sanpaolo +0,3%. Slightly declining Ubi (-0,3%) Andrea Moltrasio, president of the bank's CDS, in view of the renewal of the board, with the transition from the dual to the one-tier system, says he is willing to reapply.
B for Bank +0,7%. According to Il Sole 24 Ore, the deadlines for closing the Arca dossier are not expected to be short. On the table is the joint offer from Bper and Popolare Sondrio, which already control 50% of the bank and from which a proposal has come for the acquisition of the remaining 40% from the two banks in liquidation, Popolare di Vicenza and Veneto Bank. But there would also be a proposal for a private equity fund on the table.
Out of the main basket goes to the rescue Astaldi (+ 6%).
