Contrasted opening of the week for European lists, in line with the negative trend in Asia. Business Square leaves 1,31% on the ground, Madrid -1,06%. In deep red too Frankfurt (-1,6%) And Paris (-2,07%). Even worse London, with losses exceeding 2%.
There is a timid sign of recovery in Italy for the service sector, which rose for the second consecutive month in July, to 51,7 from 50,5 in June.
Il Monthly Economic Bulletin of the European Central Bank expects a very modest recovery for world trade in the coming quarters. Frankfurt believes that the weakness is mainly due to the decline in investments, the change in habits in the auto sector also linked to the end of Beijing's incentives.
In parallel with the drop in share prices, the race for safe-haven assets and the drop in yields on the bond markets are gaining speed. The XNUMX-year Bund yield drops to -0,53%, new historical lows. All German emissions, including XNUMX-year bonds, yield less than zero, as do Swiss emissions. i also go down American Treasury Notes to 1,77%, the lowest in the last three and a half years.
The price of Petroleum wtf slips below 55 dollars a barrel (-1,67% to 54,73 dollars a barrel) and the Brent trading at 60,90 dollars a barrel (-1,47%). Eni loses 1% e Saipem the 3%.
salt thegold: +1% to 1,457 dollars an ounce, the highest since 2013. Theeuro it appreciates against the dollar at 1,113 (+0,2%). The euro-pound cross moved to 0,918 (+0,5%).
In Piazza Affari the worst title is Moncler (-4%) penalized by the worsening of the political situation in Hong Kong. Down the other luxury stocks: Ferragamo -2% Brunello Cucinelli -3%.
In Paris lvmh trading down 2,9%.
The prospect of the resumption of negotiations with Renault and Nissan allows fca (-0,5%) to limit the damage. Jefferies cuts the target price to 14 euros from the previous 16 euros. They miss out Brembo (-2%) And Pirelli (-2,4%).
In red the other industrialists: Prysmian -3,4% Leonardo -3,5% stm -3,83% (the latter pays for the tug of war between the US and China on chips).
Outside the main basket, the more positive notes emerge.
Salini Impregilo +2,06% after announcing Friday evening that it received broad support from the controlling shareholder and other lenders to the plan rescue of Astaldi.
sapphire (+7%) closed the second quarter with 263 million euros, up 9,2% year on year, better than consensus expectations. KeplerCheuvreux ups the ante.
Bank Ifis (+5%) communicated the data for the second quarter on Friday evening, the profit is slightly above the estimates, due to trading. Common Equity Tier 1 is on the rise. The company also announced the start of negotiations on a partnership in credit management with Credito Fondiario.
Rai Way -1%: The Artemis fund doubled its stake to 20%.
Iervolino Entertainment, a content producer controlled together with Monika Bacardi, was suspended due to excessive increases on the day of the landing in Piazza Affari.
Tesmec (-1,5%) closed the first half with 97,5 million euro, an improvement from 91,1 million a year earlier. Operating profit at 3,3 million euro, from 2,4 million.
