All the European stock exchanges are in negative territory, profit-taking prevails waiting for greater clarity on the next moves of the Federal Reserve after the data boom in the labor market.
The cross euro/dollar it is below 1,12 for the first time since June 19, at a three-week high.
A Business Square the index falls by 0,35%, just above 21.900 points. It gets worse Frankfurt (-1,4%), impacted by the profit warning of Basf (-6%), linked to the drop in demand for chemical products for automotive and agriculture. Not even the landslide stops Deutsche Bank (-5%).
Down too Paris (-0,4%), Madrid (-0,3%) And London (-0,3%).
Back to waver the confidence: the Sentix index, built on the opinion of almost 5 subjects (of which over 1000 institutional) fell again in July, reaching its lowest level since 2014.
On the macro front, in May Istat estimates for retail sales a decrease of 0,7%. On an annual basis, sales decreased by 1,8%.
In Italy the reopening via union of the Btp 50 years. The first indications of returns are of a premium in the area of 13 cents on the September 2049 thirty-year benchmark.
Thursday there will be reopening up to 5,5 billion euros Btp 3 and 7 years.
In Germany, the issue of the new one is expected tomorrow XNUMX-year bund, in the new zero coupon version, up to 4 billion euro.
The race for safety continues in this framework. The desire for fixed income with a (for now) positive return is not reduced. The 1,73-year BTP trades at a yield of 5%, -XNUMX basis points. The spread narrowed to 208 basis points, from 213 on Monday.
In the banking sector it is losing ground Fineco Bank (-3,15%). Unicredit (-0,4%) completed successfully the accelerated bookbuilding procedure for the sale to institutional investors of approximately 111,6 million ordinary shares held in the institution led by Alessandro Foti, corresponding to approximately 18,3% of the share capital, at a price of 9,85 euro per share. The bank in Piazza Gae Aulenti collects 1.099 million euros. The S&P Global Ratings agency has assigned a rating of BB- to the Additional Tier 1 (“AT1”) instrument, the possible issue of which Fineco itself is evaluating.
Back off Intesa Sanpaolo (-1%) pending the imminent sale of 3 billion euro of non-performing loans (Unlikely To Pay) to Prelios.
Generali +0,5%. Goldman Sachs raises rating to Neutral from Sell.
Positive too Atlantia (+ 0,7%) and Terna (+ 0,8%).
Morning yes also for Salini Impregilo (+2%), waiting for the board of directors of the Cassa Depositi e Prestiti to address today the Progetto Italia dossier, the national construction champion.
Weak automotive: Fiat Chrysler -1,5% Brembo -1% Pirelli -2,4% Industrial Driver's License -3%. Down too stmicroelectronics (-2%).
Oil stocks are also down sharply: Saipem -4%. Credit Suisse lowers the target price to 3,90 euros. Eni -0,7%. Saras -0,3%. In the Mediterranean, refining margins rise to 3,1 dollars a barrel.
Giglio Group, active in the media and e-commerce sector, is the best stock on Piazza Affari with a +12,5% to 3,13 euro.
Anima it loses over 4% and is the worst stock in Piazza Affari. Net inflows into assets under management in June 2019 were positive by approximately 141 million euro, for a total negative since the beginning of the year of approximately 514 million euro.
Drums Investment Partners +1% after the announcement of theacquisition of 14,95% of ITH, the controlling shareholder of Sesa (+ 2%).
