Pelosi in Taiwan, US-China tension rises. Chinese fighter planes whiz across the portion of sky above the strait that separates the People's Republic from Taiwan. Reuters writes it. Meanwhile, Beijing has closed the border to 186 food products imported from the island. This is how Beijing manifests its hostility to the visit by the Speaker of the Chamber tonight Nancy Pelosi will return to Tsai Ing-wen, the president of the country that China considers part of its territory. In closing, the Eastern Stock Exchanges signaled the worries about the new tensions between the superpowers with deep declines.
Pelosi in Taiwan: tension is growing, Asian price lists are in the red, Europe is slowing down
- The European lists, in red, took the opportunity to continue with the correction underway since Monday. The Milan index fell at 13 pm by 1,20%, just above 22 points.
- Stable it spread around 220 points while bond purchases continue. The Waist German rose slightly to 0,72% but the construction sector ten-year is at 2,92%, on the lowest since May. The yield of Treasury Notes at ten years it reached a new low since March at 2,55%. The differential between the ten-year and the two-year is - 30 basis points, the lowest in recent history.
New signs of tension between Washington and Beijing are characterizing the financial day. The US prepares forembargo of some categories of chips against China, affecting, among other things, the Korean companies Samsung and Hynix.
In return, Beijing has announced the listing of four Chinese companies both at Swiss stock exchange. The operation, the result of an agreement between the Chinese Consob and the Swiss Exchange, resulted in the launch last Thursday of the exchanges on the certificates of some industrial and energy serial numbers: GEM, Gotion High-tech, Keda Industrial Group and Ningbo Shanshan. The next goal is to reach ten listed companies within a few weeks, but the prospects could be much more ambitious if the expulsion of Alibaba and other Chinese companies from Wall Street takes place, a financial and reputational obstacle for companies chasing capital.
Read also: Alibaba Hong Kong will be its main stock exchange
Awaiting listing in Shanghai there are 920 potential newcomers, no less intense pressure on the Hong Kong list, especially from tech companies. Baker McKenzie, the company that manages the flow of admissions to the Swiss stock exchange, ensures that the control criteria guaranteed by the agreement between the supervisory authorities are stricter than those envisaged by Wall Street.
EU stock exchanges, profit boom for oil companies. BP collects
In the meantime, the attention of the European markets has been dominated by yet another boom in the profits of the big oil companies. This morning it was the turn of BP +4%: Second-quarter profit climbed to $8,45 billion, a 14-year high, as strong refining and trading margins prompted the company to raise dividends.
WTI oil loses 0,7%. Brent below one hundred dollars a barrel.
The futures of agricultural commodities traded in Chicago are also declining, after the first cargo with Ukrainian corn set sail from the port of Odessa: the United Nations has informed that the Razoni will reach the port of Beirut. Another sixteen ships loaded with grain are expected to leave Black Sea ports in the next few hours.
In Piazza Affari it stands out Leonardo+1,4%. The US subsidiary Leonardo DRS completed the sale of the Global Enterprise Solutions business to Ses for an amount equal to 450 million dollars.
Proceeds in red Generals – 2% after the announcement of the results. The worst blue chip is Diasorin -3,3%. The best is Iveco +1,7% waiting for the Caterpillar accounts on Wall Street.
