The European stock exchanges collapsed in the afternoon and then rose again, closing in positive territory, reassured by the good performance of Wall Street. The data on the Empire manufacturing index in the United States disturbed the performance of the lists in an overall session of increases, which in August stood at -14,92, a clear deterioration compared to the 3,86 in July and surprisingly disappointing the expectations of analysts who expected a rise to five. The level is the lowest since the 2009 US recession.
However Wall Street, after a downward start, reversed course: at the close of Europe, the Dow Jones rose by 0,21% and the S&P500 by 0,25%, also thanks to the good data on builders' confidence which rose in July to highs of November 2005. Thus, the Ftse Mib also regained share, closing +0,69% with the best performance of the Old Continent and Paris +0,57%. London confirmed an unchanged session while Frankfurt lost 0,41%.
On Piazza Affari, purchases regained strength also thanks to bank loans with the Btp Bund spread down to 113 points and a yield of 1,77%. The Athens Stock Exchange also performed well, +1,04% in its first session after the Eurogroup gave the go-ahead to the country's third bailout plan worth 86 billion euros on Friday with the markets closed. Government bonds are also recovering with ten-year rates falling below 9% for the first time since February.
Now markets are eyeing Wednesday's release of the Fed's minutes from its latest meeting on July 28-29. Also on Wednesday, the vote on the agreement by the German Parliament is on the agenda: although the approval is widely awaited, there could be defections in Chancellor Merkel's party. WTI oil continued its descent today, falling below 42 dollars a barrel, close to a six-year low, and closing at 42,46.
On the Chinese front, this morning the authorities intervened again to reassure the markets by revising the exchange rate of its currency against the dollar upwards by 0,01%. Asian stock exchanges closed mixed: Shanghai +0,71% to 3.993,67 points, Hong Kong -0,74%. Positive Tokyo +0,5% after the publication of the GDP data for the second quarter: the economy contracted between April and June by 0,4%, slightly less than the 0,5% expected but with a clear slowdown compared to 1,1 .XNUMX% in the first quarter.
In Piazza Affari the price list is driven by Ubi Banca +2,37%, Azimut +1,92%, Tod's +1,69% with the luxury sector moving in the opposite direction. Yoox -0,67% and Moncler -0,58% in fact close at the bottom of the Ftse Mib. Countercurrent, at the bottom of the Ftse Mib also Cnh -1%, FCa -0,64% and Saipem -0,45%. Also highlighted are Buzzi Unicem +1,67% and Atlantia +1,66% after the release of ENAC data on air traffic at Fiumicino airport, managed by the company, which rose by 6% from 7 May to 11 August to 13 million of passengers despite the serious accident that put terminal 3 out of action for a long time. Countercurrent, at the bottom of the Ftse Mib, Cnh -1%, FCA -0,64% and Saipem -0,45%.
