Calm returns to the European markets. After last week's strong sell-off in the wake of the triple devaluation of the yuan, the stock exchange in mid-morning today Milano earns 0,2%, as Paris, while Frankfurt travels up by 0,1%.
In addition to the stabilization of the Chinese currency, the green light arrived on Friday evening by the Eurogroup at the third aid plan for Greece from 86 billion euros.
On the currency market, the greenback is once again strengthening: the exchange rate euro/dollar it stands at 1,1098, from 1,1109 at last week's close. Dollar/yen at 124,40 (124,27) and euro/yen at 138,05 (138,10).
However, the decline in prices continues Petroleum: in New York the WTI loses 1,08% to 42,06 dollars a barrel.
As for the performance of individual stocks, the rebound in luxury continues on the Ftse Mib, particularly affected in recent sessions by fears related to the effects of the devaluation of the yuan. Ferragamo salt of 0,8% and Luxottica 0,5%.
Also purchases on banks, with Ps in the lead (+0,8%). The Sienese bank is being observed by investors who appreciate the more solid capital position achieved by the institution and are watching carefully any developments on the subject of mergers.
