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Goldman Sachs freezes Wall Street and Piazza Affari loses momentum

The decline in the American stock market pushes all European stock exchanges to retrace and cancel the morning gains – Piazza Affari moves away from the 22 thousand basis points

Goldman Sachs freezes Wall Street and Piazza Affari loses momentum

Wall Street cools the European lists, which slow down in the afternoon to close around parity. Milano +.016%, 21892 points; Frankfurt +0,17%; Paris +0,11%; Madrid +0,3%; unchanged London.

Financial sales are making themselves felt in New York. Below Goldman Sachs (-3%) And Citigroup (-0,4%) after the presentation of the accounts for the quarter. In both cases, profits exceed estimates, but revenues do not do the same, being held back by trading activities.

The bad mood of oil also weighs on the markets, which retreats slightly in the wake of Russia's discontent with the production cuts decided by OPEC+. British Brent dropped 0,67%, 71,07 dollars a barrel; Wti -1,11%, 63,31 dollars a barrel.

In Piazza Affari, sales penalize important stocks in the sector, such as Eni -0,92% and Saipem -1,13%. The automotive sector was negative with Pirelli -1,36% e Ferrari -1,35%, after yesterday's disappointment at the Shanghai Grand Prix. stm -1,15%. 

Purchases enable managed savings: Azimuth +2,74% and Finecobank +2,1%. Well the banks, led by Bper +2,64%. In great dust the Juventus, +2,19%, which reaches a new high of 1,706 euros per share. The old lady is preparing to face a decisive week for the Scudetto and the passage to the Champions League semi-finals. Two important steps for sport, but also for the company's coffers. The session is positive for Telecom, +1,42%, which is defined as a priority by French shareholders. "Vivendi wants to create the indispensable conditions for the success of Telecom - said Arnaud de Puyfontaine, at the assembly of the French group - an ambitious and long-term industrial plan and a transparent and reassured governance, with an effective and independent board of directors". Tim occupies "an important place in building a pan-European group" in the entertainment and content distribution sector which, according to the CEO, is Vivendi's goal.

Tired session for the bond market: the yield on the 2,57-year BTP rises to XNUMX% and the spread with the Bund it reaches 251.60 basis points (+2,44%).

Euro-dollar stable, with the exchange rate at 1,13, awaiting the manufacturing data in Europe which on Thursday should give important indications on a possible recovery in the region. Gold down slightly to 1289,05 dollars an ounce.

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