Closing in red for the main European lists, weighed down in the mid-afternoon by the negative start of the Nasdaq, with technological down and the bubble specter reappearing. Piazza Affari stops at -1,63%, 20.704 points, and it's not the worst. The black jersey goes to Paris -1,88%. Followed by Frankfurt -1,83% and Madrid -1,6%, while London contained the damage, -0,51%.
The macroeconomic signals are positive from one side of the ocean to the other: US GDP grows more than expected in the first quarter (+1,4% instead of +1,2%), inflation in Germany in June shows a dynamics higher than expected, the confidence climate of producers and consumers in Europe reaches its highest levels since 2007. However, this seems to offer fundamentals capable of withstanding higher rates, especially after Mario Draghi's words last Tuesday, in which the experts continue to read hints of the imminent exit from the quantitative easing measures, with all due respect to the denials leaked yesterday by the ECB. Against this backdrop, the euro moved to a one-year high against the dollar, at 1,429 (+0,46%) and government bond yields on the secondary rose. The Italian 2,16-year bond reaches 170.20%; the spread with the Bund goes to 2,35 points, +XNUMX%.
Wall Street opens mixed, with rallies banks supporting the Dow, while Apple, Alphabet, Google, Facebook and Microsoft weigh down the Nasdaq. At the moment, however, the loss is 1,71% and the discontent has infected all the price lists; the day, even in New York, seems to take a one-colour turn, flaming red.
The slow ascent continues Petroleum, with Brent reaching 47,84 dollars a barrel, +0,63%. Gold falls, -0,46%, 1243,612 dollars an ounce.
In Piazza Affari some banks score an important performance, in particular Bank Bpm +3,45%, in the wake of the positive note from Banca Imi, e Ubi +2,38%, thanks to the excellent result of the recapitalisation, which concluded with 99,31% of subscriptions. Bper falls, -0,54%, which received the go-ahead for the purchase of Cariferrara from the European Commission. The big companies are down: Unicreid -1,72% and Intesa -1,35%.
Among the oil companies it is fine Tenaris, +0,82%, while Eni leaves 1,92% on the ground.
Sales affect practically all sectors: financial, fashion, auto, utility.
From the worst titles we find Ferragamo, -3,18%, Moncler and Ynap, both -3,01%. Down Stm -2,42% and Recordati -3,37%. The shares of companies exposed to the dollar such as Cnh, -3,63 and Leonardo -3,07%, lose their appeal. Utilities are sinking, especially Enel -2,02, Snam - 2,41, Terna -2,31%.
Reversing car and surroundings: Fiat -3,06%; Ferraris -2,59%; Exor -3,11%; Brembo -3,38%.
Among the companies with smaller capitalisation, we note the very strong rise of Stefanel, +23,86%, thanks to the signing of a capital restructuring and strengthening agreement. Among the banks, Creval +5,19% and Banca Carige +3,5% stand out. Among the worst are Prelios -7,92% and Tod's -7,79%.
