The European stock markets held up well to the double shock of the slowdown in the Chinese economy and the collapse of the Athens Stock Exchange, which reopened its doors with a 16% landslide. Pizza Business it advanced by 0,75% to 23.714, in perfect harmony with Paris e Madrid. It does even better Frankfurt (+1,19%). In red only London (-0,11%).
The fixed income market is calm. The BTP 10 yields 1,76%, spread at 119. The yield on Italian two-year bonds is back below 2%.
Little movement with the indexes S & P500 e Nasdaq substantially unchanged. Among the macro data, the personal incomes of Americans, which grew by 0,4% in June, stand out. However, growth in the manufacturing sector was below expectations, with the PMI for July at 52,7, points below the estimated 53,8 and down from 53,8 the previous month.
The Agnelli stable also shines on Wall Street. Advance PartnerRe (+ 2%). Exor +1,18% in Milan: the holding company of the Agnelli family has reached an agreement to purchase all PartnerRe shares to $6,9 billion, following PartnerRe's decision to terminate the merger agreement with Axis Capital and cancel the August 7 shareholders' meeting for its approval.
Fiat Chrysler Automobiles (+3,78%) rises later the July boom in sales in the USA grew by 6% thanks to the push of the Jeep (+23%). The Italian data will be released tonight.
Among other blue chips well Finmeccanica (+2,2%). Also prominently featured Telecom Italy (+2,7%) pending the merger between Wind and 3. Kepler expects, in view of Thursday's accounts, a good increase in the domestic market.
The gains of also contribute to the rise in Milan Understanding (+1%). Fly Mediolanum (+5,2%). This morning Citigroup analysts raised their judgment to Buy from Neutral, confirming the target at 8,3 euros.
New historical record also for FinecoBank one of the best titles today in Piazza Affari. With a leap of 7,5%, it reaches a new historic record of 7,87 euros.
Fall again Financial Trevi (-8%), which sinks to the lows of the last ten years at 1,554 euros.
