The European stock markets closed lower, while in the USA the macro data seem to favor the hypothesis of an increase in interest rates as early as September.
Piazza Affari lost 0,45%, to 23.705 points, limiting the losses and closing better than the other European indices. The week ends with a gain of 0,7%. Since the beginning of the year, the performance is 24%. Frankfurt lost 0,80%, Paris 0,70%.
The spread between the BTP and the Bund stood at 117 points, with the Italian 1,84-year bond now yielding 15%. New rise of the Athens Stock Exchange. But the balance of the week, after the reopening of the price list marks a decrease of XNUMX%.
Wall Street is in negative ground. Unemployment rate remained at a seven-year low of 5,3% Nonfarm payrolls increased by 215.000 last month as construction and manufacturing sector recoveries offset further sector declines mining.
In Piazza Affari the star of Monte Paschi shone throughout the day (+8,78%) after the results for the semester.
Bpm also did well (+0,5%), rewarded by the accounts. On the other hand, Unicredit (-1,26%), Ubi (-1,42%) and Intesa (-1,2%) closed in the red. Mediobanca lost 2%. Bper -1,4%.
Among asset management titles, sales on Azimut (-4,2%).
Telecom Italia was also down (-0,90%) after the sharp drop in profits at the end of the quarter.
The decline in crude oil continues but attention is growing on Energy stocks: the market believes that, at these prices, stocks are once again attractive. Eni (+0,7%) and Saipem (+1,2%) benefit. Meanwhile Tenaris is flying (+ 4%), also thanks to the forecast of a strong improvement in the fourth quarter: Ubs reiterated the Buy recommendation.
FCA closed unchanged, down CNH and Exor both down by 1,5%. Sales to Finmeccanica (-1,64%) and Prysmian (-1%).
