Heavy session for the European stock exchanges, which close in red, while Wall Street interrupts the positive trail and is currently traveling downwards. The trade war between the United States and China is back in the limelight, with the hypothesis of tariffs for another 200 billion dollars on Chinese imports by Washington and with Beijing threatening retaliation, denouncing the commercial bullying of the Americans. Not happy with Donald Trump, arrived in Europe at the NATO summit, accuses Germany of being Russia's "prisoner" and calls for more contributions for its own defense.
Auto-related stocks fell, but also oil with the heavy drop in black gold, after the announcement of the reopening of key export terminals by Libya and despite the drop in US weekly inventories: Brent, -2,94 .76,54%, $2,01 a barrel; Wti, 71,1%, $0,65. Gold also fell, -1247,36%, XNUMX dollars an ounce.
Business Square it lost 1,58%, falling to 21.708 points, with the Agnelli team in retreat, including Juve, -5,18%; the black sheep is Cnh -4,92%. Bad Frankfurt, -1,53%; Paris -1,48%; Madrid -1,57%; London -1,28%; Zurich -0,97%.
The exchange rate is down slightly euro dollar, around 1,171. The single currency rose from the lows of the session when, according to Reuters, rumors filtered in relating to different interpretations on the ECB board on the possible timing of a rate hike. The double-sided phrase would be "through the summer" of 2019, used by the European central bank in the last meeting. Some members, says Reuters, exclude a rate hike before the end of next summer, while others leave open the possibility of a hike as early as the July meeting. The fluctuations would be played on this difference of a few months.
The bond market was stable, with the yield on the 10-year BTP at 2,69% and the spread with the Bund at 237.70 basis points (+0,3%). After the specter of the black swan evoked yesterday by Minister Paolo Savona, today Deputy Prime Minister Luigi Di Maio assures that Italy does not want to leave or be thrown out of the euro.
In Piazza Affari the worst blue chip is CNH, penalized by the risk of duties on cereals and by Jp Morgan which estimates the target price at 11,5 dollars from 13 dollars for the stock listed on Wall Street (where it is currently losing more than 4%) . Below Tenaris, -3,39%, downgraded by Credit Suisse to “Neutral” from “Outperform”. Sales on Mediolanum Bank, -3,7%; Exor -3,28%; Azimuth -3,05%. Generally weak banks, with the exception of Banca Carige + 2,38%.
The limited purchases focus on campari, +1,31%; Leonardo +0,4%; Recordati + 0,03%. Saipem +0,14%, saves sales and closes against the trend in the sector with the news from Bloomberg relating to the signing of a FEED (Front-End Engineering & Design) contract between Nigeria LNG and a consortium made up of Saipem, TechnipFMC and Chiyoda for the design of a seventh plant on the coast of the African country dedicated to the production of liquefied natural gas.
On the Star soars Gima TT, +3,01%, which announces the official landing in China thanks to an agreement for the supply of cigarette packaging lines with the company Shanghai Tobacco.
To find the fireworks, however, you have to move to the Aim, where another debut with a bang is recorded: it is that of Askoll Eva, +31,14%, Vicenza-based company of electric bicycles and scooters.
