The war of words between the United States and North Korea is sinking European stock markets for now. Among these Piazza Affari, which closed down by 1,5%, 21.354 points, despite the positive opening of Wall Street. Ferrari broke down, among the worst stocks -2,46%. Oil companies plunged: Saipem -3,5%; Tenaris -2,67%; Eni -1,41%. No blue chip, on the other hand it is saved today by the minus sign. In Europe, London closed the session in the red -1,08%; Paris -1,06%; Madrid -1,6%. Even the Micex, the main Russian index, dropped by 0,77%, while the economy seems to have definitively come out of two years of recession.
In fact, the gross domestic product of the federation increased in the second quarter by 2,5% on an annual basis, a clear improvement compared to the +0,5% trend of the first three months. The rebound Frankfurt fails, which closes flat. Global stock markets have lost nearly $1.000 trillion since US President Donald Trump said that if North Korea continues to escalate the nuclear threat, the US response will be "fire and fury, the likes of which the world has never seen." ”. In New York, the three main lists are looking for redemption after three down sessions.
At the moment Dow 30, Nasdaq, S&P 500 are moving in positive territory. Snap and JC Penney collapse, in the wake of the quarterly results, but Amazon is in great shape. The data on US inflation in July disappoints and weighs on the dollar. The exchange rate between the single currency and the greenback is 1,179 (+0,2%). The recovery of US price lists also slows down the run of gold which, at the moment, seems to stabilize at around 1286.875 dollars an ounce.
Oil is still slightly down, Brent -0,21%, 51,79 dollars a barrel. The International Energy Agency (IEA) says it will take time for supply and demand to return to balance. Although consumption is growing, in fact, the Opec countries are not fully applying the agreed cuts. The violators would be Algeria, Iraq, United Arab Emirates. Libya is exempt from the output reduction deal and is said to be ramping up production.
Trump's warlike chirping and Kim Jong Un's threats also affect the secondary. The spread between Italian and German ten-year bonds widens: 164.90 basis points, +3,13%; the yield of the BTP is 2,04%. Even in Italy, inflation remained at a standstill in July: Istat in fact confirmed the preliminary estimate of a slowdown in the rate to 1,1%, after 1,2% in June. Compared to the previous month, the price index increased by 0,1%.
In the share market, only a ranking of sales can be drawn up. In the financial sector, the worst are Ubi -2,94% and Azimut -2,21%. Ferrari's reverse drags Exor -2,91%. Same result for Stm -2,79%. At the top of the basket, Moncler -0,13% and Luxottica -0,62%. Unicredit once again loses 1,13%, but does better than the other banks. Post, -0,65%, Enel -0,73%.
