Banks penalize Business Square which closed flat, -0,03%, a positive session for the other European lists. Frankfurt 0,8% salt; Paris +0,46%; Madrid +0,29%. Outside the eurozone it shines Zurich, +1,26%; Well London, + 0,66%.
Wall Street experiences an up-and-down morning. Currently, the Dow Jones is in the green, the S&P 500 is slowing down after reaching a 5-month high and the Nasdaq is down very slightly. A (Google) holds the blow of the billionaire fine by the EU and moves just below parity. It shines Morgan Stanley (+3,3%) in the light of a quarterly performance higher than expected, with profits up by 39%. Technologists retreat after recent increases, but Amazon becomes the second company after Apple to reach a capitalization of 900 billion dollars.
The issue of duties remains in the background, despite the alarm of Christine Lagarde, director general of the International Monetary Fund, according to which trade tensions "are already leaving a mark, but the extent of the damage will depend on what the politicians do" and since "unfortunately the rhetoric has become reality as a result of protectionist measures", there may be damage to the global economy. This was echoed by Fed chairman Jerome Powell in a hearing before the House financial services committee, according to whom protectionism is bad for the world economy. Meanwhile, Beijing, in a note, announces new and generic supplementary measures against the United States.
Il dollar he is not too discouraged and, after yesterday's reassurances on growth, again from Powell, remains well tuned on the euro, with the exchange rate around 1,164. Instead, he goes down there GBP versus the single currency (0,8919), due to lower-than-expected British inflation. Inflation in the Eurozone in June holds no big surprises (+2% per year, +0,9% the core figure).
Il Petroleum swerves looking for a rebound that it currently cannot find and returns to the red with the weekly data on US inventories, higher than expected. Brent -0,5%, 71,8 dollars a barrel.
Also 'gold tends to red, 1225.41 dollars an ounce.
The session is negative for Italian bonds after the rally of recent days: the 2,52-year yield rises to XNUMX%, the spread with the Bund it reaches 217.60 points (+2,26%). The Italian paper partially suffers from the fact that the Clearing House, an interbank structure that acts as a clearing house in the sale of securities, has increased the margins on Italian bonds pledged. For securities from 2 to 4,5 years, the increase in margins exceeds one percentage point, for Cct it exceeds three percentage points. The move was explained by the increase in volatility, which occurred in recent weeks. The decision also weighs on the banks in Piazza Affari. At the bottom of the main list there are Unicredit -1,5%; Bpm bank -1,03%; Ubi -1,16%; Bper -0,79%. Sales also prevail on Luxottica -0,68%.
Purchases reward instead stm, +3,18%, in the wake of the quarterly results of the competitor Asml (profit up to 584 million from 540 in the previous quarter). Retrieve Cnh, +1,48%. Asset management goes up with General Bank +1,74% and Azimuth +1,94%, while it appreciates in the Oil sector Saipem, + 1,07%.
After yesterday's exuberance, Ei Towers closed on a par at 56,8 euros, just below the Offer price set at 57 euros per share by F2i and Mediaset (-0,64%). Rai Way earn 1,2%.
