THEeuro runs at the highest since January 2015. The European stock exchanges, held back by the revaluation of the single currency which rose to 1,19230 dollars (after going up to 1,1966 dollars in Asia), and orphaned by the contribution of London (closed for the Bank Holiday) , mark time. The Ftse Mib index opens the week with a drop of 0,30%, around 21.700 points. Also in red Paris (-0,5%) And Frankfurt (-0,7%). Weak too Madrid (-0,3%).
According to Swissquote experts, the Euroland currency will continue its run at least until next September 7, when the European Central Bank will meet again. According to Swissquote, there are good reasons to believe that the single currency will continue to set new highs in the coming days.
The decline affects all sectors of the Eurostoxx. Reinsurance is particularly affected by Hurricane Harvey. The negative performance of Hanover Re (-1,6%) And Munich Re (-0,93%).
Oil almost unchanged: Brent -0,1%. Little move Eni (+ 0,08%), Saipem -0,4%. Gold benefits from this, reaching a step from 1.300 dollars an ounce, +0,5%.
Manufacturing business confidence rose to 108,1 in August from 107,8 in July, reaching its highest level since December 2007.
The Treasury placed 2 billion euros in two-year zero coupon bonds at auction this morning ctz (zero coupon certificates) offering a higher, but still negative, interest rate compared to the previous auction. Yields on Ctz maturing on 0,167 May 0,139 rose from -30% to -2019%. The amount of government bonds offered to investors was equal to 2 billion euro, beyond the maximum amount initially offered (1,5 billion ).
On the bond market, the Bund trades at 0,39%, the 10-year BTP at 2,10% with the spread at 172 basis points. Dollar weakness weighs on in the short term Brembo (-0,6%), Buzzi (-0,8%), stm (-1,5%) And Tenaris (-1,4%). Ferrari little move. Extended until 2020 including contract with Sebastian Vettel.
Recover initial losses Fiat Chrysler, unchanged despite the decline in the dollar. The company was the big player last week with an increase of about 18%.
Generali -0,33%. According to the Portuguese newspaper Jornal Economico, Generali Portugal will enter the sale program of the Lion. The sale is expected in October and Liberty, Caravela and Zurich Insurance have already expressed their interest. Even Allianz among the suitors.
Almost flat banks. Unicredit + 0,3% Understanding + 0,5%. Carige (-1,4%) called the shareholders' meeting for 28 September on the capital increase for a maximum of 560 million euro.
Worth noting is the thud of Geox suspended due to excessive downtrend with a drop of 9% and an intraday low of 3,02 euros to then start again with trading at 3,18 euros. Possible an error by operators who would have carelessly placed orders for sale.
Sale Hobbyhorse (+2%), which updated the highs from May at the start. In luxury Ferragamo e Moncler -1%.
