The Fiat Chrysler effect limited the losses of the stock market in Piazza Affari. The Ftse Mib index closed down by 0,28% at 21.751. Paris falls by 0,52%, Madrid by 0,25. Frankfurt is the worst with a drop of 0,82%. London -0,07%.
Overseas The United States Stock Exchange is down slightly. The Nasdaq falls by 0,4%, the S&P500 is better defended, down by 0,1%. The market is already focused on the Jackson Hole summit where both Janet Yellen and Mario Draghi will speak on Friday.
Bond purchases. The Bund yield slips below 0,40%, widens slightly the spread of the Italian 163-year bond at XNUMX points with a yield rising to 2,02%.
On the other hand, interest in the Greek government is growing. Fitch upgraded the rating to 'B-' from 'CCC' due to reduced political risk and sustained GDP growth. Fitch said it expects government debt to improve steadily, buoyed by benefits from the ESM program. 2-year yield below 3% for the first time since 2008. 5,45-year yield at XNUMX%.
The dollar moved little against the euro at 1,177, down 0,2%. Increased attention to safe-haven assets with gold at 1292 dollars +0,6%.
On the Stock Exchange it was Fiat Chrysler's day +6,92%, on the highs for 20 years, the Chinese group Great Wall confirmed its own interest in the automaker Italian-American. In particular on the "jewel" Jeep. The Lingotto has denied having had contact with the potential Chinese buyer. Exor +0,57%, Ferrari +0,37%.
Closes just above Total parity (+0,09%) which he announced the acquisition of the Danish Maerks Oil & Gas for a total value of 7,45 billion dollars. The Russian oil group Rosneft has finalized the purchase of the Indian Essar Oil by opening up new markets in Asia. The transaction values the Indian group that owns the Vadinar refinery, one of the most modern in the world and 13 service stations in India, at about 3.500 billion dollars.
Eni -0,45%. This morning Barclays cut the judgment to Underweight from Equal Weight. Brent not moved. Sales also on Saipem -1,83% which pays for the drop in crude oil.
Atlantia gains 0,7% while the hypothesis of a counter-offer on Abertis by a Spanish consortium is losing more and more share.
Sitting in the red for financials and popular stocks, starting with Banco Bpm -1,39%, Ubi -1,52% and Bper -1,87%.
