Uncertain climate on the markets, overwhelmed on Friday by the sinking of the Turkish lira. The dollar still dominates the Istanbul currency (+9,8%, around 7 the exchange rate), despite attempts to support it by Turkey's central bank. Wall Street opens well, then changes course and is currently in negative territory. The European squares try to stem the losses in the afternoon, but in the end they close in the red. Piazza Affari -0,58%, falls below the psychological threshold of 21 points, to 20.969. Banks remain the main target of the sales, also due to the tensions on the Italian public debt. At the bottom of the list: Banco Bpm -3,01%; Ubi -2,89%; Unicredit -2,58%; Bper -2,48%. Outside the Ftse Mib Carige is flat, while Mps drops 3,81%.
The yield on the Italian 3,1-year bond rises to 278.20% and the spread with the Bund goes to 4,7 basis points, +XNUMX%, the highest since the end of May. Investors seem worried by the autumn maneuver, despite the fact that Deputy Prime Minister Luigi Di Maio, in an interview with Corriere, says he is convinced that there will not be a speculative attack on Italy. In the meantime, however, Claudio Borghi, economist of the Lega and president of the Budget Commission of the Chamber, an expert on market dynamics due to his professional past in Deutsche Bank, tells Ruters that the tensions on the spreads of some peripherals in Europe, Italy in the lead, can be defused only if the ECB decides to offer a guarantee to limit these fluctuations, otherwise "the euro will dismantle itself".
In the rest of Europe Frankfurt, -0,53%, is weighed down by Bayer (-10,84% to 83,21 euros). The company collapses following the conviction, in the US, of Monsanto (with which it has just completed the merger) which owes a millionaire compensation to a gardener who used glyphosate herbicides and fell ill with cancer. Madrid -0,75%; Paris -0,04%; London -0,33%; Zurich -0,32%.
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After a positive start, the American stock market is losing its edge. Tesla turns negative, despite the clarifications of the CEO Elon Musk on his controversial tweets of last August 7, in which he announced his intention to buy back the group and remove it from Wall Street. Today Musk claims that the Saudi sovereign wealth fund can finance the buyout.
The euro, after falling to the 1,13 area against the dollar, climbs back to 1,14. Among raw materials, gold suffers from the strength of the greenback and trades below 1200 dollars an ounce, at 1196,43, -1,27%. Oil, like Brent, was down: -0,8%, 72,17 dollars a barrel.
In Piazza Affari the session is tonic for some blue chips such as Moncler +2,72%; Azimuth +2,4%; Unipol +2,27%; Campari +1,9%; Unipolsai +1%. Instead, a letter on Leonardo -2,66%.
Mediaset sheds 0,54% after the meeting in Sardinia between the reference shareholder Silvio Berlusconi and Martin Bouygues which led to hypothesize talks around the international alliance with Tf1.
