With the threat of tariffs looming and manufacturing holding back from one side of the Atlantic to the other, European markets close in the red, while Wall Street travels down. Business Square it loses 0,81% and slips to 21.927, after resisting the sell-off during the morning. The banks act as a levee, but close in opposition. Well Bpm bank +1,17% and Ubi +0,62%, on which the spotlights turned on yesterday, after the words of the CEO of Banco Bpm, Giuseppe Castagna, according to which an agreement between the twoit would make sense'. Down Understanding -0,94% and Unicredit -1,2%. Worst blue chip is Atlantia, -2,43%, on which the risk of revocation of concessions. The ending is slightly negative for bonds after the government disclosed the main numbers of the new budget law: differential between the Italian and German ten-year term it closed at 141 basis points (+1,27%) and the yield on the BTP grew to +0,85%.
In the rest of Europe: Frankfurt -1,29%; Paris -1,41%; Madrid -0,85% Londonto -0,74%; Zurich -1,4%, the latter dragged down by Credit Swiss (-2,86%), overwhelmed by a scandal involving some of its most important executives.
Change sign wall street, after a slightly higher opening, due to a new contraction in manufacturing activity. The US ISM in September fell more than what experts expected: 47,8 points from 49,1 points in the previous month, against expectations for a rise to 50,2 points. It should be noted that a value above 50 points indicates an expansion phase, vice versa a figure below 50 points indicates a contraction. In the Eurozone, pessimism had already been ignited this morning by the Markit PMI manufacturing index in the Eurozone which measures the responses of company purchasing managers: 45,7 in September from 47 in August, the lowest level since October 2012. The figure is influenced by Germany, where the index finished at its lowest since 2009, by Italy where it dropped to 47,8 and by Spain which dropped to 47,7 from 48,8 in August, its lowest since April 2013.
The common pain is not half the joy, but theeuro it climbs back against the dollar and trades above 1,093.
shine againgold, which is recovering more than one percentage point and is moving at 1489,35 dollars an ounce. The Petroleum weakens: Brent -0,34%, 59,08 dollars a barrel.
The list of Piazza Affari is short on the positive side: with the two banks mentioned, they are there Amplifon +0,44%; A2a +0,36%; Campari +0,12%. The negative side was more substantial, led by Atlantia, after the Prime Minister Giuseppe Conte said that the process to make the concession null and void was going ahead; Ferrari -2,01%; Saipem -1,97%; Tenaris -1,71%; Recordati -1,8%; Exor -1,69%; Cnh -1,43%; Post -1,39%; Diasorin -1,22%.
Out of the main basket it collapses Bio Hon, -47,92%, 10 euro per share (from 19,2 at yesterday's closing), due to the losses recorded in the half-yearly. Well done Maire Tecnimont (+2,08%) who announced an agreement for fertilizer plants in Russia. Fractional increase Mediaset, +0,44%, after the results that show an increase in margins.
