Oil falls heavily, while the trade war between the US and China is rekindled and the markets are cooling down. Beijing responds to Washington's new tariffs for 16 billion dollars with a similar measure on American imports, so Wall Street opens weakly and closures are declining for Eurolists. Frankfurt – 0,12, Paris -0,35%, Madrid -0,26%. In countertendency London, +0,71%, with the pound still weak, reaching 0,9 with the euro.
Piazza Affari -0,29%, 21.790 points, is penalized by the crash of Bper, -5,91%. Cars did well, with Pirelli +2,38%, Fiat +0,635 and Ferrari +0,7%. The debt market closed in the red, after the good performance of the morning in the wake of the interview with Sole 24 Ore by Minister Giovanni Tria, who believes the next maneuver is sustainable. While waiting for the new budget meeting, scheduled tonight at 19 pm, Prime Minister Giuseppe Conte guarantees that "there is no plan A, B or C, but a single maneuver on which the government is working, no derailment or parallel path". However, the yield on the Italian 3-year bond remains close to the 2,91% threshold, at 251.00%, while the spread with the Bund rises to 1,83 basis points, +XNUMX%.
From the macro front, the OECD reports some signs of slowdown for the area as a whole, in particular the Eurozone is on the path to slowdown, while the USA continues to grow. The euro is unable to reverse course against the dollar and the exchange rate remains in the 1,16 area.
Oil deflates, rising after two sessions, not even encouraged by the weekly data on US inventories, which are down less than expected. Brent fell by 2,76%, to 72,59 dollars a barrel. The WTI loses 3,01%, 68,09 dollars. Flat gold in the area of 1210 dollars an ounce.
In Piazza Affari the best shares today, with Pirelli, are A2a +1,55% and Ferragamo, +0,96%. Banco Bpm rebounds, +1,04%, after recent losses. The worst stocks, after Bper, are Moncler -2,23%, Cnh -1,53%; Telecom -1,38%; Leonard -1,27%.
Unicredit, following an excellent performance, dropped 0,35%, while Société Générale lowered the target price to 16,6 euros. Flat Mediobanca -0,07%, on which hovers the uncertainty of the future behavior of the bank led by Jean Pierre Mustier, who will decide whether to stay or leave the shareholders' agreement only at the end of September.
Outside the main basket, Banca Carige dropped 2,13%, after the rating cut by Moody's. Mps moved little, -0,08%, indifferent to the words of Minister Tria, on the return of control to the market.
Zucchi booms +32,66% after announcing a change to the debt restructuring agreement. Brilliant Ima, +3,63%, with growth in revenues and profits in the six months and good forecasts for the full year. Gabetti did well, +4,25%, thanks to his exit from the Consob black list. In light Salini Impregilo, +3,94%, which is negotiating the sale of assets in the US.
