The fuse lit in the Middle East by attacks on Saudi oil wells can flare into a global fire and stock markets suffer a setback, even as oil-related stocks take flight along with crude prices. Business Square it loses 0,96% and falls back to 21.969 points. I support the price list Saipem + 2,79% Tenaris + 2,78% Eni +1,92%. In other sectors well Pirelli +0,71%. However, the bleeding does not stop Atlantia -7,84%, after the thud recorded on Friday due to the provisions of the Genoa Public Prosecutor's Office for reports on the maintenance of the viaducts. Reuters writes that the CEO Giovanni Castellucci could offer his resignation tomorrow on the occasion of an extraordinary board meeting.
I'm in deep red Juventus -3,3%; Campari -2,34%; Moncler -2,28%; Ferragamo -1,84%. Investors are cashing in on big banks after recent hikes: Understanding -1,76%; Unicredit -1,71%, but Bper earns 0,47%. Bonds recovered ground during the session and benefited once again from the decisions taken by the ECB on Thursday: the Italian 0,84-year yield stopped at +XNUMX% and the spread with the Bund it is down to 132 basis points (-0,97%). In July, however, the Italian public debt reached a new record, reaching 2.409,9 billion (23,5 billion more than in June).
A few minutes after closing, the picture is similar in other European markets: Frankfurt -0,7%; Paris -0,94%; Madrid -0,91%; Londonto -0,65%; Zurich -0,91%.
Wall Streett, after three weeks in the green, opens lower and moves in negative territory: oil stocks rise, while airlines and shipping companies suffer in view of a rise in fuel prices.
Prices skyrocket further crude: Brent +12,06%, 67,48 dollars a barrel; Wti +11,35%, 61,02 dollars a barrel. In a world that is concerned with supporting prices with production cuts, it is clear that the Yemeni attack on Saudi Aramco's plants (the Riyadh oil company is also considering postponing its IPO) was a detonator, because it hit 5% of world production and did more damage than the Iranian revolution or the invasion of Kuwait. But the consequences on the geopolitical front (with the US seeing Tehran's long hand behind the attacks) and the jump in the cost of crude oil, could further weigh on a global economy already in slowdown. The Fed will have to take this into account in the meeting that begins tomorrow and will end on Wednesday and from which the market expects a further rate cut (to the predictable extent of 0,25%). A decision that will also have repercussions on the currency front. today theeuro-dollar it is unfavorable to the single currency, which trades in the 1,1 area.
The central bank meetings of Japan, Switzerland, Brazil, South Africa and Norway are also scheduled for the week.
