Analysts' forecasts were respected: despite the new slump in Asia, European stock markets achieved a robust rebound. Business Square, up 2% at the opening, accelerated during the morning, reaching a flight of 12% above 4,5 after 21.300. The recovery in Paris is similar, slightly less Frankfurt (+ 4,3%) and Madrid (+3,60%). Salt too London (+ 3,5%).
The performance of theGerman index Ifo in August. The rally picked up speed after China's discount rate cut.
THEeuro it weakened against the dollar to 1,152 from 1,161 yesterday evening, the first depreciation after four straight days of appreciation. The BTP is holding back: the 1,91-year trades at 2%, rises by XNUMX basis points and reaches the highs of the last month.
Lo spread, however, dropped by 5 basis points to 126 due to the simultaneous rise in the yield of the German Bund: to 0,65% from 0,57% yesterday.
Il Petroleum WTI-type rebounds from the lows of the last six and a half years and reaches 38,9 dollars a barrel. Brent rose by 2,2% to 43,60 dollars.
The oil companies go up: Eni + 4,5% Tenaris + 5,02% Saipem + 3,02%.
It also bounces luxury: Yoox+ 2,7% Moncler + 3% Luxottica + 5,22%.
Go to the rescue Industrial Driver's License (+3,4%). Mediobanca has raised its recommendation to Outperform from Neutral.
Among the industrialists they rise Finmeccanica (+ 3%), Fiat Chrysler (+ 4,33%), Prysmian (+ 2,62%) and StM (+ 4%).
Among the banks, Understanding + 6% Unicredit + 5,5% MontePaschi + 4%.
Asset management companies and insurance companies were positive. Azimuth +6%.
