Salt on dollar, Asian stock exchanges and futures on US markets are lagging -0,2%. An apparent calm reigns on the August price lists pending new indications on the price front. The approval by the US Senate of one does not arouse particular reactions environmental protection law which is worth, between tax breaks and investments, 430 billion dollars. But the impact on GDP in the coming years will not exceed 0,1%.
- Weak after three upward sessions, le Asia-Pacific Stock Exchanges -0,5%, even if the military tensions caused by Beijing's maneuvers are fading. Tokyo leaves half a point on the ground, also in red Kospi Korean -0,2%. In June, the Japan it posted a large current account deficit at 132,4 billion yen, as rising imports eclipsed exports.
- Plate the Shanghai Csi 300: commercial data showed a strong rebound in exports +18%.
- European openness seen slightly up: US futuresEurostoxx +0,2%
- Strong rise in the dollar against the yen. The spread between 10-year (2,8140%) and two-year (3,2136%) TBonds is at its highest since August 2000: the markets continue to believe in the coming recession next year.
- They breathe i oil prices after a black week: Brent rises above 95 dollars, Wti and 89 dollars a barrel.
I futures signal a slightly positive opening for European markets. Today, the estimates of theSentix index on investor confidence in the Eurozone.
Two mortgages loom financial week: data on theUS inflation, out on Wednesday, expected with great concern after the boom in employment in July (528 new jobs, double the expected). even more inEurozone we look at the reaction of the markets to Moody's negative opinion (from stable) on Italy's prospects after "the end of the Draghi government and the early elections have increased political uncertainty". waiting forbot auction and that of medium/long-term securities, operators will already be watching the trend of the spread this morning, in the increasingly concrete perspective of a turn to the right by the Bel Paese which presents more than an unknown factor in the eyes of investors, despite Palazzo Chigi having defined as "premature" any alarm.
On the macro front, the focus will be oninflation trend, not only in the US, but also in China and in key EU countries, France, Germany and Italy. Analysts expect a slowdown in the USA from 9,1% to 8,7%, mainly due to the fall in the price of petrol in the United States. However, core inflation should instead accelerate from 5,9% to 6,1%. The prediction is for a new rate hike in September by 0,75%: the increase in employment in July shows that the economy is not heading towards recession. Contrast the estimates on Wall Street which has recovered 13% from the lows of June in the presumption that the rise in rates was now at the end of the line. The uncertainty of the markets in the second quarter also involved Berkshire Hathaway; Warren Buffett's giant recorded a loss of 43,8 billion.
Titles on view in Piazza Affari. Eni goes shopping
Eni has acquired Export Lng, which owns the Tango Flng floating liquefaction plant, said a statement from the oil group explaining that the plant will be used by Eni in Congo as part of the natural gas development project activities in the Marine XII block. The start of LNG production from Marine XII is expected in 2023, when fully operational it will supply volumes exceeding 3 million tonnes/year (over 4,5 billion cubic meters/year).
Telecom Italy. The integration of Tim's fixed network with that of Open Fiber remains the "major opportunity" from an industrial point of view for the group, which however maintains a plan B in the form of a "separate network with a financial partner". This is what Tim's CEO said Peter Labriola in an interview with Corriere della Sera published on Sunday.
Exor. It has received the go-ahead from the Dutch Financial Markets Authority (AFM) to the prospectus for the listing in Amsterdam, debuting on August 12.
