European lists recovering after last week's descent. In Milan, the FtseMib index rose by 0,5% above 21.500 with widespread gains among all blue chips. Frankfurt +6%, Paris +0,5% and Madrid +0,3% are on positive territory. Better London +0,7% galvanized by the news that the commodities giant Glencore +7,5% has embarked on a program which, between recapitalization for 2,5 billion, divestments and a stop on dividends, aims to reduce debt by 10 billion (29,6 2016 billion at the end of June) by the end of XNUMX.
Few repercussions from the data on the growth of German industrial production in July, which rose by 0,7% against expectations of +1,1%.
The euro/dollar exchange rate is stable at 1,114, almost unchanged compared to Friday.
The Btp/Bund spread decreased slightly to 119 units (1,86-year yield XNUMX%). With the stock exchange closed, the Treasury will announce tonight the quantities of the Bot auction on Thursday.
In China, after a positive first part of the session, the Shanghai Stock Exchange dropped sharply to -3,5%. The Beijing government has announced the downward revision of the 2015 GDP growth target, reduced to +7,3% from +7,4%.
Well in Piazza Affari Enel +2,2%. The CEO Francesco Starace said that the dividend referred to 2016 could be higher than now expected. Among other utilities, Enel Green Power + 1,2% A2A + 1,6%.
The oil companies are also advancing: Eni of 0,7%, Saipem + 1,9% Tenaris + 1,3%.
Fair recovery of luxury stocks: Ferragamo +2,8% and Tod’s + 1,9%.
The rebound of the banks is losing speed, starting with Unicredit +0,71%: Federico Ghizzoni has ruled out the hypothesis of a capital increase.
Good performance also for Azimut +1,4%.
Highlights too Telecom Italy +1,9% and Fiat Chrysler + 1,8%.
Among the mid caps they stand out Falck Renewables +2,8%e Mondadori + 2,5%.
