Profit taking sends slightly into the red Business Square, which after yesterday's exploit closed down by 0,31%, at 20.750 points. The big banks lose share (with the exception of Ubi, +0,49%), while the spread there is little movement, in view of the mid-month auctions. The yield of the 10-year BTP is 2,77% and the differential with the German Bund drops to 234.20 -0,21%. It ranks among the best blue chips of the day Atlantia, which changes sign in the afternoon and rises by 1,36%.
The other stock exchanges in the euro area were also mixed but little moved, despite comforting macro data on the employment front, pending the meeting of the board of the ECB and Mario Draghi's words this Thursday. Frankfurt -0,13%; Paris flat; Madrid +0,14%. Climate analogous to London -0,04% and Zurich -0,16%.
After a slow start, Wall Street, seems to be gaining courage on the anniversary of the September 11 terrorist attack, also supported by a rise in oil. Technologists are up, even if industrialists and chip makers are held back by the trade war between the US and China, with Beijing wanting to ask the WTO for authorization for sanctions against the United States, after US President Donald Trump's threat to introduce additional tariffs of 267 billion dollars on Chinese goods. In the meantime, negotiations with Canada for the new NAFTA are resuming. Investors' eyes are focused on tomorrow's Fed Beige Book, waiting for the Central Bank Committee to make its economic forecasts on Monday 25 and Tuesday 26 September and proceed with a probable rate hike. Finally, hurricane Florence is worrying, which should hit the states of North and South Carolina on Thursday night and which could be the worst for 60 years now. Perspective pours into the Petroleum, which rises, with Brent at 77,71 dollars a barrel, +1,52%; WTI 67,24, +1,57%.
After a few ups and downs the change euro/dollar, it seems to return to yesterday's levels, just below 1,1,6.
In Piazza Affari the best big stock is Ferrari, +1,47%. Well A2a +1,23%; Pirelli +1,18%; Bgeneral hip +0,91%. positive Telecom, +0,26%, after the presentation of offers for 5G and a report from Bernstein confirming the outperform rating. For Atlantia, says Reuters, the change of pace takes place in correspondence with the agency's interview with Undersecretary for Economic Development Michele Geraci, according to whom the possible nationalization of Autostrade per l'Italia would involve compensation for investors.
Sales penalize Mediaset, -3,33%, after the rally on the eve following the hypothesis, promptly denied, of being ready to acquire the remaining 48% of Mediaset Espana shares. Profit takings also weigh on Leonardo, -1,82%, which yesterday gained about 7% following the news of the purchase of Vitrociset. Down stm, -1,76% and Recordati -1,6%%. Among the banks the worst is Understanding, -1,59%.
Out of the main list Astaldi, downgraded by Moody's, reduces the decline to 0,91%. Undertone Fincantieri, -0,28%, despite Minister Danilo Tondelli announcing a decree law on Friday "with very important measures for Genoa" and the direct assignment of the works to the company.
