The last session of the week opens in the name of uncertainty. After starting trading in positive territory, all the European stock exchanges turned red and then flattened out again: about an hour after the opening, Milano floats around parity, while Frankfurt e Paris they mark -0,4%. Madrid -0,13%. Outside the eurozone, London -0,11%.
The markets have to contend with the Fed's new monetary policy line, which changed the relationships between currencies and modified the economic and financial scenarios. The turning point announced on Thursday by Jerome Powell, president of the American Central Bank, in fact opens up unprecedented scenarios: if the Fed leaves rates low for many more years, it is possible that the cost of money will start to rise again sooner in Europe than in the USA, strengthening the euro against the dollar and thus hurting exports of the currency area.
Meanwhile, in Asia, the Stock Exchange of Tokyo it closed down 1,4% on reports of Prime Minister Shinzo Abe's imminent resignation due to health reasons.
As regards the individual securities of the Ftse Mib, the best performance is that of Tim (+1,89%), on which purchases rain down while the skein of the single network unravels, with the go-ahead from the Government to the birth of the Cdp-Tim company. Also, according to reports The Sun 24 hours, a new offer from Macquarie for Enel's stake in Open Fiber is expected by the first days of September.
The banks are also doing well on the main list of Piazza Affari: Unicredit + 1,68% Bpm bank +0,39% and Intesa Sanpaolo + 0,34%.
The worst title is instead that of Diasorin (-4,96%), which had already lost 8,6% on Thursday after the 10% surge recorded from August 10 to last Wednesday.
Petroleum little moved after yesterday's declines: WTI maturing in October is unchanged at 43,04 dollars a barrel, while Brent rises by 0,2%, to 45,18 dollars.
On the currency front, the euro it strengthened to 1,1862 dollars (from 1,1806 at yesterday's close) and 126,015 yen (from 125,34). The greenback is instead worth 106,24 yen, with the Japanese currency recovering from its lows in two weeks.
spread BTP-Bund unchanged at 148 basis points.
Finally, thegold travels up 1,11%, to 1950.8665 dollars an ounce.
