The European Stock Exchanges lose their shots while the negotiations on trade between the USA and China are once again complicated. The market that suffers the most is Frankfurt as usual, which loses more than one percentage point. Piazza Affari limits the damage with -0,13% at the end of the morning, after the painful green light from the EU to the 2020 Budget law. Worse Paris and Madrid -0,8%. Sales in London are raining -1,3% while the electoral campaign heats up: Boris Johnson prevailed, albeit slightly, in the first TV debate with Jeremy Corbyn. Wall Street stock futures anticipate a 0,3% lower start.
The approval of the US Congress resolution in support of the Hong Kong protesters it caused the halt to the negotiations between China and the United States which favored purchases of safe-haven assets. But Alibaba's IPO on the Asian Stock Exchange recorded an early closure and a record collection of 11 billion. In Piazza Affari, Moncler recovers +1,9%, one of the most damaged stocks.
Gold recovered, traded at 1.478 dollars an ounce, up 0,4%, on the highs for two weeks. Today's increase could be the sixth in seven sessions. The more solid emissions are also highlighted. The 0,37-year bund returns to -1,21%, the Btp trades at 3% (-0,4 basis points). Oil was weak -60,8% at 0,5 dollars pending the data on US strategic inventories. In Milan Eni -XNUMX%. Among the most penalized sectors are banks and the car with declines of more than 1%.
But the stock most penalized is Atlantia -3,1% which yesterday evening, on the eve of the expiry of the deadline for submitting the binding offer on Alitalia, made it known that the conditions for joining the consortium have not yet been met and asked for time to dissolve the reserve, awaiting news on the motorway concession. La Repubblica reports a 2014 document which reveals the risk of a collapse of the Morandi bridge unearthed in Atlantia's digital register by the financiers.
Intesa Sanpaolo -0,2%, is evaluating the possibility of confer all its assets in electronic payments, valued at around two and a half billion euros, in Nexi +3,8%. Meanwhile, Dovalue rises +1,2%, leading the race to take over the debt collection division of the Greek bank Eurobank. Unicredit -0,7% and Banco Bpm -1,5% are down. Among industrialists, Fiat Chrysler slows down -1%. The risk of US tariffs on European cars weighs on the market. Leonardo also weak -0,3%
Also worth noting:
- Everlasting under pressure Mediaset which drops by 0,8% to 2,63 euros on press rumors that an agreement has not yet been found between the lawyers of the Italian television group and the French media giant Vivendi on the legal dispute in view of Friday's deadline set by the Court of Milan to find an agreement.
- Roma stock suspended +11,3% on rumors that the sports club may have a new owner, while negotiations are underway between James Pallotta and the US Friedkin group
- New leap of Safilo +6% waiting for the Investor Day.
- Fincantieri -0,8%, has signed a pre-agreement for the construction of two cruise ships, counter value of the possible order, 300 million euros.
- Enav -3%, Equita cut the rating from Buy to Hold.
