European stock markets barely moved after a promising start. At Piazza Affari the index Ftse Eb it's flat just after 13pm. Weak Paris (-0,3%), Frankfurt (-0,1%) And Madrid (-0,3%). Only London was positive (+0,3%), supported by the leap of the chip designer Arm (+42%) after the Japanese offer Softbank, which has agreed to buy the British company in a £24,3 billion ($32,2 billion) deal. In the microchip industry, Dialogue Semiconductor, ams e Infineon they rose by 3,3%, 3,4% and 2,1% respectively.
In Milan stm +1,11%. Salt too Telecom Italy (+1,6%), driven by the Mediobanca report which recommends the purchase of the stock with an Outperform rating and a target price of €1,27.
Petroleum stable: Brent at 47,6 dollars a barrel (+0,1%). In Piazza Affari Eni stable, Saipem +0,6%.
Positive in Piazza Affari the banks, but also asset management and insurance companies. salt Unicredit (+1,8%), the most exposed in Türkiye. Understanding + 0,3% Popular Bank + 2% Ubi +1,2%. Benefits taken for Mount Paschi (-1,6%) after last week's leap (+21%).
They earn Generali (+ 0,4%), UnipolSai (+ 1%) and Azimuth (+ 1,6%).
Automotive stocks also rose in Europe: Fiat Chrysler + 1,7% Volkswagen + 2,4% bmw + 1,6%.
Meanwhile they deflate Cairo communication (-7%) And Rcs (-4%) after the conclusion of the dispute for the publishing group. From the low of 7 April to Wednesday 13 July, RCS still gained 142%.
The main index of Istanbul Stock Exchange records a loss greater than -5%. On forex, the Turkish lira it is recovering and is currently up on the dollar by over +1,7%, after having jumped to the intraday highs by even over +2%, to 2,9573 per US dollar. However, the Turkish lira lost 4,7% last Friday on news of the coup in the country, so much so that the decline against the dollar was the strongest since October 2008.
In today's session, it was precisely the lira that also drove upwards the other currencies of emerging markets, just as it was the lira that triggered the sell-off on them following the news of the coup in Turkey. Today is the all South African who zloty Poland rose by +1,6% and +0,7% respectively.
On the other hand, the session for the ringgit Malaysian, which suffered the sharpest losses in three weeks after better-than-expected US retail sales data sparked dollar buying. The ringgit also discounted the decision by the People's Bank of China, the Chinese central bank, to weaken the fixing of the yuan to a record level since last July 6th.
