European stock markets rise at the start of the session: Milano, up about 0,9%, just above 21.500, is the best performer.
Lo spread however, it remains above 173 points, confirming the uncertainty that reigns on the markets awaiting the developments of the crisis, including the outcome of the consultation among M5S subscribers on the Rousseau platform.
The other stock exchanges of the Old Continent were also positive: Frankfurt (+0,10%) absorbs without obvious damage the electoral successes of the right in the former GDR and the launch of cross-duties between the USA and China. Regional elections in Brandenburg and Saxony, the two Länder of former communist East Germany, have seen a boom in right-wing extremists in the AFD. However, there was no overtaking of the popular parties. Alternative für Deutschland took 17% more than in 2017 in Saxony and 10% more in Brandenburg.
Paris +0,2%, flat Madrid. salt London (+0,7%), the cross moved little euro/pound at 0,902. The single currency recovered after five days of decline but remained below 1,10 against the dollar, at its lowest level in two years (at 1,1098).
The yield of BTP settles at around 0,99%. The bund trade at -0,70%.
Italian manufacturing activity it contracted in August for the eleventh consecutive month, albeit at a slightly slower pace than in July. The PMI manufacturing index edited by IHS Markit rose slightly to 48,7 from 48,5 in the previous month, remaining below the threshold of 50 that separates growth from contraction but above forecasts.
Continue the march ofgold, up 0,3%, to $1.523.
Il Petroleum Wti drops to 55,2 dollars a barrel, brent to 59,20 dollars: August closed down by 6%. At Piazza Affari Tenaris advances by 0,8%. The number of active drilling rigs in North America continues to fall, -12 last week. Eni +0,3%.
Saras +1%. Morgan Stanley cuts the target price to 2,1 euros.
Thanks to the more relaxed political climate, the banks are growing again: Where's Banca + 1% Unicredit + 1% Intesa Sanpaolo +0,7%. It stands out Mount Paschi: +6% at startup. In recent days, the bank has sold a further 340 million in non-performing loans, an operation which has brought the Npl sold in the last period to almost 1,5 billion.
In managed, Italian post +1,3% and Azimuth + 1,5%.
Julius Baer has frozen the sale of Kairos. The head of Europe of the Swiss bank and chairman of Kairos said that after carrying out a strategic review it emerged that the Group founded by Paolo Basilico, which holds 9,4 billion euros in assets under management, offers significant potential to strengthen the position in the Italian market. Mediobanca in recent months had presented a non-binding offer for the asset management company.
Among the industrialists still on the rise Cnh Industrial (+1,4%) on the eve of the Capital day Market. The hypothesis of an Iveco spin-off in view of a sale becomes more concrete. According to Mediobanca, the combination and separation of Iveco and Powertrain would be more attractive than the Iveco spin-off alone (worth more than 6,1 billion dollars for Banca Imi, 7,2 billion for Banca Akros).
Fiat Chrysler +0,7% awaiting the August sales data, to be released with the Stock Exchange closed.
Ferrari (+1%) celebrates Charles Leclerc's victory in the Belgian Grand Prix ahead of Lewis Hamilton. Brembo + 0,5%.
Mediaset +0,7%. Vivendi will be able to bring its 9,99% of votes to the extraordinary shareholders' meeting on 4 September, as established by the Court of Milan. The remainder of Vivendi's voting rights, approximately 19,99%, were deemed void.
Enel +1,14%; Enel Green Power has been awarded the right to sign a 25-year energy supply contract for a 190MW wind farm in India, as part of the national tender launched by the government company Solar Energy Corporation of India. The wind farm, which is expected to come on stream in the second half of 2021, will be able to generate more than 700 GWh of renewable energy each year.
