The risk of concessions sends out Atlantia -3,15% and A2a -3,01%, while banks remain weak e Saipem slip by 2,7%. The balance of the day for the Milan Stock Exchange is negative, with Ftse Eb which closed down by 0,85% and dropped to 20.620 points, worst in Europe.
On the debt front, pending Thursday's medium/long-term auctions and after a series of ups and downs due in part to the paucity of trades still in the summer, the spread between Italian and German ten-year bonds it rises to 278.60 points (+0,79%) and the BTP yield rises to 3,19%. Meanwhile, the country's economic morale is declining. This was revealed by Istat, signaling that the index which measures consumer confidence fell from 116,2 in July to 115,2 in August; while the composite index of business confidence went from 105,3 to 103,8.
Contrasted with the other European lists: Madrid -0,55%; Paris +0,11%; Frankfurt -0,09%; London tback to work, after the long weekend and yesterday's closure, posting an increase of 0,54%. And find the side of the American ally to stem the problems resulting from Brexit. Indeed, Donald Trump's United States "are ready to sign a free trade agreement with the United Kingdom", when "it is ready", says US Treasury Secretary Steven Mnuchin.
Meanwhile wall street, which at the beginning benefited from the agreement signed yesterday with Mexico and recovered from the record levels of the previous day, is now moving in reverse. On the corporate front, the day is full of quarterly reports in the retail sector. It stands out among others Tiffany, whose breakfast is particularly rich in the American morning (+3,5%) thanks to accounts and forecasts for the entire year that are better than estimates. US government bonds, on the other hand, are negative, with yields on the rise. The movement would be due to rumors from the Wall Street Journal, according to which Germany is evaluating financial aid to Turkey. Berlin fears a contagion effect of the Ankara economy especially for the European banking system.
The newfound confidence on the commercial front instead invigorates l'EUR, which rises against the dollar in the 1,171 area, after having touched 1,175, the highest since the end of July. Gold does not take advantage of it and moves slightly down to around 1208,7 dollars an ounce. Little moved the Petroleum type Brent, 76,24 dollars a barrel.
Among these contrasting feelings, Milan remains among the worst places. The cold and hot showers that come from the government weigh on government bonds, with Luigi Di Maio freezing and Giovanni Tria trying to reassure investors. On the equity front, Atlantia is under particular pressure, Asthma (-2,69%), Southern Highways (-3,2%) And Sias (-2%) in view of a revision of the concessions, which also penalizes the utilities A2a e Iren (-2,02%).
Financials slide down: Unicredit, -2,61%, Ubi -2,95% General Bank -2,63%. Out of the main list, Ps, -2,71%, reaches new lows at 2,082 euros per share.
To partially compensate the sales they provide Cnh +1,81%; Pirelli +1,06%; Prysmian +1,31%; Luxottica +0,42%; Ferrari + 0,36%.
Outside the main basket, profit-taking sends la into the red Juventus -8,98% and the Roma -4,84%. The latter announces the definitive transfer of Kevin Strootman to Olympique Marseille for a fixed fee of 25 million euros. In the event of the player's future transfer and the achievement of certain sporting objectives, the French club, says a statement, will pay Roma up to a maximum of an additional 3 million euros.
Salt instead Fincantieri, +2,26%, which it should compete for the construction of the viaduct, former Ponte Morandi, according to Deputy Prime Minister Di Maio.
