Looking forward to the speech of Fed Governor Janet Yellen in Jackson Hole, the European markets opened negotiations down, also weighed down by the disappointing data on the confidence of German companies.
Il Ftse Eb it attempted to cancel the losses by moving close to parity and then retreated at the end of the morning with a drop of 0,4%. Paris loses 0,9%, London 0,59% and Frankfurt 1,05%. This morning Tokyo it closed slightly down (-0,25%). The Exchange of Hong Kong ended trading substantially balanced, while Shanghai it finished the session down by 0,57%.
Several macroeconomic data released in the morning in Europe. L'German Ifo index which measures business expectations fell again in August to 106,2 from 108,3 in July while expectations were for a recovery at 108,5 points. In France business confidence remained substantially stable in August, rising to 101 from 103 in July. On the growth front, Prime Minister Valls confirmed the GDP target of +1,5% in 2016 and 2017. Spain the GDP marked an increase of 0,8% in the second quarter and of 3,2% on a trend basis.
The second reading is expected tomorrow US GDP for the second quarter. exchange euro Dollar it climbs 0,20% to 1,12926. Oil is advancing with Brent at 49,32 dollars a barrel (+0,55%) and Wti at 47,06 dollars a barrel (+0,62%).
Lo Btp Bund spread it widens to 122 basis points and a yield of 1,15%. Treasury auctions resume. Yesterday evening the ministry announced that on 29 August it will offer six-monthly BOTs for 6 billion against 6,875 billion euros maturing. Tomorrow will be the turn of the announcements of the medium/long-term auctions which will be held on Tuesday 30.
In Piazza Affari the worst title of the blue chips are the Generali, -2,32% on fears of an increase in compensation related to the earthquake in central Italy. Sales also on Unicredit (-1,95%), Cnh (-1,85%), Where's Banca (-1,82%) And Azimuth (-1,78%). Featured on the Ftse Mib fca (+ 1,95%), Ps (+ 0,83%), Snam (+ 0,62%), Terna (+ 0,34%) and A2A (+ 0,33%).
