European price lists start the week down, while Wall Street proceeds positive but subdued and with bonds closed on Columbus Day, a holiday on the second Monday in October.
Markets are cautious after Friday's rally, partly on inevitable profit-taking, partly on anUS-China agreement still in progress and which raises many doubts. Furthermore, the Brexit knot remains unresolved, while Turkey's military intervention in Syria does not help to calm the nervousness. The weekend did not provide enough oxygen to a global economy that is looking for relief and primarily suffering from oil, which retreats rapidly after recent gains and weighs on the stock markets through related stocks. Brent loses 2,3% and trades at 59,12 dollars a barrel. Closing: Frankfurt -0,21%; Paris -0,4%; Madrid -0,38%; London -0,46%; Zurich -0,47%.
Business Square drops 0,3% and drops to 22,097 points, weighed down by Tenaris -2,64%.
Purchases reward the Juventus +3,94%, they improve Amplifon +2,53% and keep the mood up by Bpm bank +1,5% and Bper +1,1%. It floats Mediobanca +0,15, while the date of 28 October is approaching, when the shareholders' meeting will be held. The big names are down slightly Understanding -0,27% and Unicredit -0,51%. The latter reassures depositors about negative rates. The hypothesis under study is only for customers with an account exceeding one million euros.
Retrieve utilities: Terna + 0,95% Snam + 0,44% Ivy +0,37%. Well fca +0,62%, on the assumption that we can reopen the games with Renault, after the exit from the French group of the number one, Thierry Bolloré. Sales penalize Finecobank -2,06%; Cnh -1,57%; Saipem -1,22%.
The tastiest ideas come from the Star segment, in particular from Cheetah, +15,8% (0,293 euros per share) at the heart of a family dynasty worthy of a soap opera, with Carlo De Benedetti who, through Romed, has launched a purchase offer in recent days cash on 29,9% of the publishing company at the closing price on Thursday of 0,25 euro per share (close to historic lows). However, the offer was rejected by the Cir of the engineer's sons, Edoardo, Marco and Rodolfo. Given the family conflict, the Stock Exchange is betting on the possibility that other subjects interested in the company will come forward.
In the bond it spread between the Italian and German ten-year bond it drops slightly: -0,53%, 137 basis points, with the BTP yield at 0,91%.
The change euro dollar moves down around 1,102. Safe-haven currencies, such as the greenback, Swiss franc and yen, recovered today following the news, reported by Bloomberg, that China still wants to negotiate until the end of the month to finalize the details of the so-called 'phase one' of the agreement on duties. On Friday evening, the United States and China had outlined the first phase of the trade agreement and suspended the increase in US tariffs expected for this week. Existing tariffs remain, however, and officials on both sides said much more work was needed before a deal could be reached.
We trust up to a certain point and thegold is recovering: currently half a percentage point, 1495,95 dollars an ounce.
