After a volatile day, the Ftse Mib ended on parity, closing at -0,08%. The other European lists are also in light red: Paris, Frankfurt, London. The decline in raw materials and oil weighs heavily with the WTI which in any case closes with a slight recovery at 42,21 dollars a barrel +0,81%. And the new collapse of Asia after the injection by the Chinese Central Bank of 17 billion to compensate for capital flight. But investors have once again wondered about the effectiveness of the measures taken by the Chinese authorities to restore confidence in the market. Shanghai closed down 6,15% and Shenzhen down 6,58%.
In the US, the data on the start of new construction sites reached its highest level since October 2007. The number of new construction sites opened in the United States increased by 0,2% in July to a seasonally adjusted figure of 1,21 million units. On the corporate front, Wall-Mart's earnings alert has arrived.
Moody's cut estimates on the global economy confirmed fears of a new slowdown in the global recovery. After a bearish start Wall Street attempted unsuccessfully to reverse course. At the close of Europe, the Dow Jones lost 0,12% and the S&P500 0,19%. The euro/dollar exchange rate is at 1,1028 (-0,45%). Now the markets are waiting for the Fed's minutes. The Btp/bund spread closes up at 117 basis points and a yield of 1,81%.
The banks are back in evidence in Piazza Affari: Banco Popolare +1,13%, Intesa +0,93%, Mediobanca +0,61%. Autogrill also performed well +0,73% and Mediaset +0,72%. At the bottom of the Ftse Mib, sales on Cnh Industrial -2,21%, Finmeccanica -2,12%, Campari -1,93%, Saipem -1,75% and Tod's -1,44% are confirmed.
Outside the Ftse Mib Prelios leaps +20,55% driven by press rumors of interest from abroad for the new company focused on real estate services that will be born with the spin-off of the investment part. Prelios' sprint revives the entire real estate sector.
