A subdued session for the European stock exchanges, weighed down by the negative data on European manufacturing. Business Square it closed the session at 20.345 points, down 0,51%. Almost in balance Paris (-0,03%), London (-0,08%) And Frankfurt (-0,09%). The spread between Btp and Bund it closed at 154 points with a ten-year yield slightly up to 2,43%. The change euro/dollar is unchanged at 1,31.
In the absence of Wall Street, which was closed for Labor Day, the focus was on the disappointment with the data pmi, especially the Italian ones, and on the concern for the news arriving from Ukraine. In Europe, the sectors with the greatest decline are Automotive (Stoxx -1%) and banks (-0,7%). Pharmaceuticals (+1%) and oil stocks gain, despite the drop in crude oil, with Brent traded at 103 dollars a barrel (-0,1%) and Wti at 95,6 dollars (-0,3%).
Eni it dropped 0,32%, despite Goldman Sachs adding the stock to its favorite stock list.
Instead, it's declining Saipem (-2,5%) after Deutsche Bank reduced the rating from hold to sell and the target price from 18 to 16 euros.
Among the banks of Piazza Affari, they go down Unicredit (-0,76%), Understanding (-0,8%). Heavy Banco Popolare (-2,7%) And MontePaschi (-2,55%).
Weak Fiat (-1,2%). Finmeccanica 0,7% salt, StM +0,8%. Back off Prysmian (-0,9%).
Finally, Luxottica it rose by 0,47% on the day Andrea Guerra left the group. From now on, the company will have two managing directors: one dedicated to corporate functions will be Enrico Cavatorta, the other, focused on the markets, will be appointed shortly.
