The diffusion of the Delta variant and the new restrictions on Hi-Tech companies imposed by the Chinese government continue to worry the markets, which close the session with a drop awaiting possible news from the Fed. Afghanistan also weighs after the speech given by the president Joe Biden and German Chancellor Angela Merkel's admission of guilt.
In Europe the worst square is Milano which, weighed down by banks and industrialists, closed with a drop of 0,85% to 26.224 points. Negatives too Madrid (-0,67%) And Paris (-0,24%). Limit the damage Frankfurt (-0,04%), while outside the EU London earn 0,4%.
The climate of international uncertainty also involves wall street, trading down pending new monetary policy guidance from Fed Chairman Jerome Powell, who tonight will host a virtual meeting with teachers and students, during which he could provide new details on the future reduction in bond purchases. In New York, the earnings season continues: so far, between April and June, 87% of companies in the S&P 500 have recorded higher-than-expected accounts, a percentage that, if finally confirmed, would be the highest recorded in a quarter since 2008. To spread today the accounts were Walmart, whose revenues grew by 2,4% in the second half, e Home Depot, which made profits of $4,8 billion in the same period.
In the meantime, from a macro point of view, the data on the retail sales, which in July fell by 1,1% compared to June. It's better instead the industry, with production rising 0,9% to 101,1 last month, beating forecasts.
Day of macro data also for Europe. According to Eurostat flash estimates, in the second quarter of 2021, the Seasonally adjusted GDP of the euro area increased by 2% compared to the first quarter, while that of the EU recorded an increase of 1,9%. As regards individual Member States, the highest growth in GDP in the quarter was recorded by Spain (+2,8%) and Italy (+2,7%).
However, the good data on GDP is not enough to revive Piazza Affari which, after last week's rally, closed for the second consecutive year with a downward trend. Sales weigh on the big names in the industry, with stellantis (-2,71%), Pirelli (-2%) And Leonardo (-1,4%), among the worst stocks of the day. Achievements also on banks: Bpm bank -1,93, Unicredit -1,77% Bper -1,77% Understanding -1,36%.
At the top of the Ftse Mib there is instead Diasorin (+ 2,74%), followed by Inwit (+0,97%). Among the best actions too Prysmian e A2a, both up 0,6%, e Terna, which closed the session gaining half a percentage point.
