For the first time in a month and a half, the plus sign accompanies the Stock Exchange Athens. After five weeks of closure and three sessions in deep red (-19%) the Greek Stock Exchange index marks a timid rise of 1,4%. The capitalization, however, is just over 10 billion, one sixth of Banca Intesa.
The rebound leaves the other exchanges completely indifferent. Business Square decreases by about 0,2%. Paris is also in negative ground (-0,05%), Frankfurt (-0,01%) And Madrid (-0,11%). London falls by 0,28%.
After the euphoria caused by quarterly reports, investors are made cautious by the drop in the price of Petroleum, at its lowest since March, and from the prospect of the Fed raising interest rates in September.
The decline in oil stocks is accentuated (-1,5%) led by the decline in English Bp (-3,3%), which however is due to the detachment of the dividend. In Milan Eni drops by 0,7%, in Paris Total (-0,8%). Tenaris, the world leader in pipes for the oil industry, fell 0,5% after making the announcement second quarter results characterized by a 30% drop in turnover and halved Ebitda.
Back to Milan Generali (-0,7%) after B&DD Holding (De Agostini group) fell from 2,43 to 1,716% in the company.
Banks are opposed: Mount Paschi, pending the board of directors gains 0,5%, Understanding drops by 0,1% e Unicredit loses 0,2%. Sharp reduction of Mediobanca (-1,9%), penalized by the downgrade of Kepler Cheuvreux to Hold from Buy. Moderate declines for cooperative banks: Ubi (-1%) And Banco Popolare (-0,7%).
