Weak session for the European stock exchanges, which closed a day without significant points in moderate decline. In the absence of precise indications from Wall Street on parity, the continental lists suffered from the weakness of oil and the negative day of the auto sector and chemical stocks, weighed down by Bayer's -6% in Frankfurt after the announcement of the details of the offer on Monsanto. In Piazza Affari, the Ftse Mib closed down by 2,74% but the "real" change was -0,57% net of the weight of the dividends distributed today by 20 companies, equal to -2,17% on the index principal.
Fiat Chrysler (-4,44%) performed poorly among the Milanese stocks with the highest capitalization, penalized by the rumors in the German press about possible irregularities in the gas emissions tests, an eventuality however denied by the group: "We are in order". Unicredit was also weak (-3%) on the eve of the extraordinary board of directors decisive for the fate of the managing director Federico Ghizzoni at the top of the institute.
Among the few stocks bucking the trend, StMicroelectronics (+0,68%), rewarded by the ferment in the European technology sector. The Stoxx sub-index of the sub-fund gained 0,82%, driven by two main factors: the offer launched by the Chinese group Fujian Grand Chip Investment Fund of Liu Zhendong on the German Aixtron (+13% in Frankfurt) and the rumors about the number of iPhone7 ordered by Apple to its suppliers in view of the presentation in September, equal to 72 million copies against the 65 million expected by industry analysts. Mediolanum (+0,48%), Banco Popolare (+0,23%), Poste Italiane (+0,22%) and Telecom Italia also performed well. In the rest of the list, Methorios Capital (+19,64%), Molmed (+6,13%) and Gala (+5,77%) stood out. Bad instead Zucchi (-7,93%), Premuda (-7,38%) and Zephyro (-6,64%).
On the foreign exchange market, the euro moved little at 1,1206 dollars (1,1220 at Friday's close). The yen strengthened to 122,60 per euro (123,59) and 109,42 per dollar (110,15). Lastly, the price of oil fell: the July future on the WTI closed down by 0,64% at 48,1 dollars a barrel.
