The Ftse Mib is unable to confirm the rise, which returns below parity in the final. The Milanese index closed at -0,2% at 20.831 points. Spread down to 158 basis points. The latest data released by the Confindustria Study Center weighed heavily and for 2014 confirmed the estimates of flat GDP dynamics. In other words, Italy was in crisis before the crisis and "continues to be so", noted the CSC in its monthly analysis, revealing that the latest estimates speak of zero GDP growth in 2014. Attention, now, is aimed at 2015, the result of which "must be built in the second half of this year".
On the other hand, the other European Stock Exchanges closed in slightly positive territory: Paris +0,16%, Frankfurt +0,20%, London +0,04%, Madrid +0,10%. The Spanish economy grew by 0,5% in the second quarter, a tenth more than the 0,4% recorded in the first three months of the year, according to the economic bulletin released today by the Bank of Spain. Furthermore, the central bank has improved its growth forecasts and estimates an increase in GDP of 1,3% in 2014 and 2% in 2015, respectively one tenth and three tenths more than initially forecast, thanks to the improved evolution of the activity and employment. In the Eurozone, consumer confidence fell in July, losing 0,9 points to -8,4.
On Wall Street, indices move mixed, also as a result of geopolitical concerns (Treasuries are up for the third day in a row, which indicates a certain aversion to risk). The Dow Jones lost 0,09%, the Nasdaq 0,49%. And the S&P500 climbs 0,27% to update a new intraday record. However, the push comes from the quarterly.
Apple climbed to its highest level since mid-2012 after releasing quarterly data. Well after the accounts also Pepsi Cola. Boeing dropped 2,3% despite the aeronautical giant having closed the second quarter with a profit above estimates and the increase of the profit target for 2014. Net profit rose 52% to 1,65 billion, $2,42 per share versus $2,01 analysts' estimates and the full-year target was raised to $7,90-8,10 per share versus the previous range of $7,15 and 7,35, XNUMX dollars.
On the macroeconomic front, in the US, applications for new mortgages rose by 18% to 2,4 units in the week ending 349,4 July from 341,1 in the previous week, when they fell by 3,6%.
In Piazza Affari at the bottom of the Ftse Mib there is Stm -5,9%, Cnh Industrial -2%, Mediaset -1,85%. The Alfa stock is affected by the recent downward revision of some judgments by business houses, as well as the fear of competition from Sky, which is aiming to create a super-platform at European level. In the publishing world, Espresso takes off, rising by 4,8% after the accounts for the first half-year, which recorded a stable net profit of 3,8 million (from 3,7 million a year earlier), albeit on declining revenues by 10% to 332,5 million.
In contrast, at the top of the Ftse Mib is Buzzi Unicem +3% and the banking sector with Unicredit +1,7%, Ubi Banca +1,5% and Banco Popolare +1,36%. Among the minor stocks, Bper yields 1,47%. Bper has communicated the early conclusion of the stock exchange offer of the unopted rights due to the sale of all the 756.656 rights left uncovered during the option period. The rights will now be exercisable by 28 July. Banca Carige -0,48%. From the Consob communications it emerges that Ubs has returned to strengthen itself in the capital of Carige.
