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FCA never stops and gives sprint to the Stock Exchange

The car remains the queen of Piazza Affari with significant leaps by FCA, Brembo and Exor – Enel also does very well – Saipem falls instead, paying for the Norwegian effect – Achievements also on CNH, Ferrari and Yoox – The Italian Stock Exchange (+0,5 .XNUMX%) is the best in Europe.

Positive rebound for Piazza Affari which gains 0,51%, 21.729 points, after even exceeding one percentage point in the middle of the day.

Fiat shines, +2,97%, although its light fades slightly in the last part of the session. To give substance to the purchases during the day are still the journalistic spin-off hypotheses, even within the year, starting however from the components, with Magneti Marelli which could land on the Stock Exchange. The attention paid to the automotive sector galvanizes Brembo +3,16%, best share of the day. Ferrari, -1,28%, instead runs aground at the bottom of the list. Banks are recovering, with Unicredit at the top, +1,39%. Excellent performance by Enel, +2,01% and Recordati +1,63%.

The other European markets are weaker, infected in the final by the uncertainty of Wall Street: positive London +0,33% and Madrid +0,39%; flat Frankfurt +0,05%; a very slight drop in Paris -0,04%, despite the fact that the confidence of industrial companies in France rose in August to its highest level in almost 10 years, largely exceeding economists' forecasts.

Wall Street marks time. At first it opens moderately positive, then the uncertainties begin. At the moment, the three main New York stock exchanges are all in the red, thanks to some vitriolic tweets from Donald Trump and the political uncertainties that characterize the period. Investors' malaise is accentuated by a clearly worse than expected data on existing home sales in July. Finally, there is a climate of anticipation on the opening day of the central bankers' meeting in Jackson Hole. The highlight will be tomorrow, with speeches by Janet Yellen and Mario Draghi. In this wait-and-see environment, the euro-dollar exchange rate is stable at 1,18. Among raw materials, oil reverses yesterday's good course: Brent -1,46%; 51,8 dollars a barrel. Gold also fell, -0,22%, to 1287.85 dollars an ounce.

On the secondary, the 10-year Btp Italia maintains a yield of 2,11%, while the spread with the Bund fell by 1,42% to 173.20 points.

In the stock the worst stock of the day is Saipem, -2,88%, infected by bankruptcy of the Norwegian company Seadrill, overlooking the Oslo Stock Exchange. A collapse that damages the entire sector of oil & gas service companies.

Negative session for Cnh -1,74%, Azimut -1,15% Mediaset -0,96%.

Outside the main list, Piaggio +5,68% and Landi Renzo +5,78% are among the best.

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