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Gold above $2, dollar at lows, stock markets in red

The Coronavirus and the US-China tensions are holding back the markets and the dollar continues to lose ground against the euro - gold, on the other hand, rises - Piazza Affari without a precise direction suffers the realizations on pharmaceuticals and luxury

Gold above $2, dollar at lows, stock markets in red

Swinging seat and subtle exchanges for European lists, which close down without finding the compass they were looking for in Wall Street. Indeed, the American Stock Exchange appears to be in an uncertain mood. The S & P 500 touched a new record in the first half hour, but the Dow Jones moves down. After yesterday's restart, however, they remain in vogue gold e silver: the former has once again exceeded 2000 dollars an ounce and while the latter trades at 27,8 dollars.

Business Square it lost 0,52% and fell back to 19.845 basis points, with the tone of the banks gradually tarnishing during the session. In any case they close in green Bpm bank +0,86%; Mediobanca +0,34%; Unicredit +0,3%; Bper +0,26%. They support the price list Unipol +1,05%; Atlantia +1,03%; Leonardo + 0,75%.

Down the galaxy fca, which celebrates mourning for the former president Cesare Romiti. Exor it dropped 1,36%. Consistent sales on Amplifon -2,63%; Ivy -2,35%; Diasorin -2,27%. Bonds moved little, on a day that still feels like a holiday. The spread between Italian and German ten-year bonds it rises to 139 basis points (+0,18%), the BTP rate remains at 0,93%.

Italian government bonds remain well bought, while the Mario Draghi's warning: attention, because the sustainability of public debts, raised to deal with the crisis induced by the pandemic, will depend on the future use made of resources. “This debt, subscribed by countries, institutions, markets and savers, will be sustainable, that is, it will continue to be subscribed in the future, if used for productive purposes, such as investments in human capital, in infrastructures crucial for production, in research, i.e. if it is 'good debt'", says Draghi, according to whom "when confidence was consolidating again and with it the economic recovery, we were hit even harder by the explosion of the pandemic: it threatens not only the economy, but also the fabric of our society, as we have known it up to now”. “In this succession of crises, the subsidies that are distributed everywhere are a first form of closeness of society to those who are most affected, especially to those who have often tried to react. Subsidies are used to survive, to restart, but young people need to be given more".

In the rest of Europe: Frankfurt -0,33%; Paris -0,68%; Madrid -0,65%; London -0,82%.

On the other side of the Atlantic, the New York Stock Exchange continues to be mixed. Salt the Nasdaq, the S&P500 has restarted, the Dow Jones is down. Among the titles the race of does not stop Tesla, after +11,2% yesterday. In 2020 the increase is 352%; in one year, Elon Musk's creature gained 761%. 

Recommended Oracle, after the rumors about his alleged interest in TikTok. Weak Walmart, despite the fact that between April and June the global turnover of the largest retailer in the world rose by 5,6% to 137,74 billion dollars, against the 135,48 billion expected by experts.

Il dollar remains weak, at a two-year low. The euro appreciates and the exchange rate currently orbits around 1,193. 

Petroleum down. Brent is down 0,45, 45,15 dollars a barrel. 

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