The European stock exchanges are holding, after a sharp decline in the wake of the new collapse of Shanghai and the profound decline of Tokyo (-3%) after the bad data from the Chinese economy and the equally bad session on Wall Street (the S&P500 index, down by 2,1%, recorded the worst daily drop since February 2014).
On the contrary, the composite PMI indices of the euro zone, which include both manufacturing and the services sector, recorded a rise to 54,1 points, against 54,1 in July.
At Piazza Affari the index Ftse Eb it loses 0,4%, but remains well above the barrier of 22 points. The braking of Frankfurt, while Paris loses 0,58%, in line with Madrid e London.
The euro moved little against the dollar, at 1,125, the highest since June.
Stay weak Petroleum, with Brent down 1%, to 46,20 dollars a barrel, close to the lowest since last January.
Eni +0,27%, at 14,72 euros: the managing director Claudio Descalzi met the CEO of Gazprom yesterday in Moscow, Alexei Miller. According to rumors there would also be talk of new orders for Saipem (up by 2,3%).
Enel 0,6% salt, Enel Green Power -1%. Snam loses 0,6%: the French investee TIGF (Transport et Infrastructures Gaz France), active in the transport and storage of natural gas in South-West France, has issued a 550 million euro bond with a 10-year maturity, the coupon is under 2%.
Still down Finmeccanica (-0,8%) which however absorbed the drop of 6% at the start.
Down Fiat Chrysler (-0,5%), stmicroelectronics (-0,7%) And Prysmian (-1,3%). Bounce instead Buzzi, up 1,4%.
On the other hand, the wave of sales on Luxottica (-2%). This morning Goldman Sachs brought the rating from Neutral to Sell (target price at 57,1 euros).
Better the rest of the luxury: Yoox + 0,1% Tod’s -0,3% Ferragamo + 0,3%.
Try to recover Mediolanum (+0,3%) after Thursday's crash (-4,5%). Down Azimuth (-1,5%).
Among the banks turn to the upside Unicredit (+ 0,5%), Understanding (+ 0,2%) and MontePaschi (+ 0,5%).
