The European financial day ended on a high note, despite the tensions in Ukraine and some not particularly brilliant macro data. There Milan Stock Exchange closes at +0,62%, positive for the other markets, following the good performance of Wall Street: Paris +0,78%, rallying Frankfurt (+ 1,43), London closes at +0,45%.
In Use the S&P and Nasdaq indices gain 0,4% and 0,9%. The Dow Jones is up 0,6%. The dollar weakens and falls to 1,338 against the euro after the negative data on the trend of consumption in the USA in July, a sign of an economic slowdown welcomed by Wall Street, because it postpones the moment of rate hikes in America .
The yield of BTP goes up 170 bp in a weak market. Driving the price lists is the good performance of the utility sector (+1,1% the Stoxx index), which takes advantage of the declining trend in interest rates: they are flying in Frankfurt e.on (+ 5%) and He (+2,5%). In Milan Enel salt of 1,6%, Enel GreenPower + 1% Snam .
Another sector recovering is that of credit (Stoxx +0,6%). In Piazza Affari the sector is driven by Popular bank (+3,7%). Sharp rise of believe (+ 5,1%). Understanding salt by 0,5. Negatives Pop.Milan (-0,6%) And MontePaschi (-1,6%).
Telecom Italy it retreats by 0,3% pending news of the meeting between Marco Patuano and Vincent Bolloré.
Industrial stocks fall Finmeccanica (-2%) and the subsidiary Ansaldo Sts ( -1,3%). Cnh Industrial drops by 2,1%, weighed down by the US profit warning Deere, world leaders in tractors and agricultural machinery. Advance Fiat (+ 0,9%).
Gtech (+3,07%) is still celebrating the OK of the EU Antitrust for the acquisition of the slot machine manufacturer Igt and the willingness of the banks to finance the operation.
Highlights too Salini Impregilo (+2,2%): the board of directors approved the proposal to authorize thepurchase of treasury shares to be submitted to the shareholders' meeting.
