The shock of the massacre in Nice has made itself felt on European price lists. I am in sharp decline, in particular, travel and tourism companies (EasyJet -3%). French hotel operator Accor, the largest hotel group in Europe, fell nearly 4%.
Even luxury is bad: Lvmh -2%. Switzerland's Swatch and Richemont are down sharply today after a profit warning. Swatch loses more than 10%, Richemont 4%.
At Piazza Affari Luxottica -1%, Yoox Net à Porter-3,5%, Moncler -3% and Ferragamo -3%. Bryan Garnier intervened on Moncler and LVMH, removing the two stocks from his list of favorites (top picks) precisely because of fears of negative repercussions on global sales deriving from the deterioration in consumer mood.
The European stock markets continue in negative territory, after a weak attempt to recover. The Milan Stock Exchange falls by 0,9%. Little better Paris -0,7% and Frankfurt -0,5%. No news from the macro data: in June, inflation in the euro area rose by 0,1% in line with economists' estimates.
Istat communicates that in May the balance of the Italian trade balance on raw data it recorded a surplus of 5,033 billion euros, compared to a surplus of 4,115 billion in the same month of 2015.
On the swing Italian banks: the sector basket, after a positive parenthesis, dropped by around 0,8%.
The trend of is very volatile Mount Paschi -0,018% although optimism about a solution to the crisis prevails among analysts.
Unicredit -1%. In his first interview with Sole 24 Ore, the new CEO Jean-Pierre Mustier announces the new business plan it will probably be presented later this year. The manager confirms the strengthening of capital and excludes exit from core countries.
In positive territory Telecom Italia +1,13%. According to the president Joseph Recchi The first results of the Cattaneo treatment could already be evident with the second quarter accounts which will be examined by the Board of Directors on 26 July.
Back off Fiat-Chrysler -0,3% despite the new +6,5% increase in sales in Europe (for the 34th month in a row): FCA grew twice as fast: +13,2%.
When braking, the energy: Eni -1,4%, Saipem -1,8%, Tenaris -0,5%. Rcs still down -4% on the day on which the Cairo public offer ends and the International Media Holding public offer closes. The second, as of yesterday evening, had reached 30,35%, thus exceeding the minimum threshold of 30%. Cairo is at 22%, the minimum threshold is 35%.
