The Madrid Stock Exchange fell by 12% at 1,2, like Paris. The other European lists are a little better: Piazza Affari drops by 0,7% like Frankfurt. London -0,9%. The market bulletin after the attacks in Barcelona reports an intense red, albeit not deep. The worst European sector today Travel&Leisure down by 1,7% with the Irish Ryanair, the giant in low cost flights which falls by 2,9%. The German Lufthansa drops by 1,6%.
The crisis between President Trump and US business representatives, as well as among the president's main collaborators, is reflected in the quotations of the dollar: the euro starts to rise again, reaching 1,176 against the dollar, +0,3%. The pressure on the stock markets favored purchases of bonds: the yield of the Bund fell to 0,41%, that of the ten-year BTP to 2,03%. The Btp/Bund spread widened to 163,921 basis points).
On the macro front, the portfolio of Italian government bonds held by foreign investors is falling again after having risen the previous month. In May, the share of Italian government bonds in the hands of foreign investors decreased slightly to 34,4% of the total outstanding, from 34,6% in the previous month. In June, the public debt amounted to 2.281,4 billion, an increase of 2,2 billion compared to the previous month.
Gold trades above $1.290 an ounce. Brent oil unchanged, at 51 dollars. Eni loses 0,2%. sales affect all sectors. Among the worst, in the basket of blue chips, StMicroelectronic -1,8%. Telecom Italia -1,5%, CNH Industrial -2,2% the strong exposure to the dollar, equal to 52,2% of revenues, weighed on the stock.
In the industrial segment, Leonardo -1,8%, Prysmian -1,2%. Fiat Chrysler brakes -1,6%. China's Gangzhou also said through a spokesperson that it has no plans for acquisitions.
Trump's decision to abandon the project to set up an infrastructure council, the public-private body that was supposed to provide strategic indications for the trillion-dollar investment plan. The cement and construction sector slows down in Piazza Affari: Buzzi is down by 1,5%. Salini Impregilo -2,5%, Cementir -1,7%. Astaldi -0,9%. Equita cut its target by 2% to 5,8 euro, confirming the hold rating. The banks are also weak: Unicredit -0,6%, Intesa Sanpaolo -0,5%.
