The earthquake in May's government shakes the European stock markets which close down, even if London, +0,1%, is the only one that is saved. Piazza Affari archives another session in black jersey, -0,9%, 18.905 points, weakened by the dialogue of the deaf with the European Union on the manoeuvre. A situation that weighs heavily on the debt market: the spread between Italian and German ten-year bonds rises slowly but inexorably, 313.70 points, with the yield of the BTP still in the 3,5% area. The flight of non-residents from Italian government bonds also continues: according to what was communicated by the Bank of Italy in August, foreign investors cut another 15 billion and the stock has thus fallen by 65 billion since April.
The session is negative for Frankfurt, -0,51%: Paris -0,7%; Madrid -0,25%. London is saved and British stocks are snapped up (the 1,373-year yield falls to 1,77%), but the pound plunges against the other major currencies (the euro appreciates by 0,8866% and the exchange rate is at 4). The resignations of XNUMX ministers weigh heavily, just a few hours from the go-ahead for the Brexit agreement, a situation that puts the stability of the executive at risk and opens up hard Brexit scenarios.
The climate of uncertainty that is blowing from Europe initially agitates Wall Street, which opens negative. In the late morning, however, the price lists change pace, led by the Nasdaq and at the moment only the Dow 30 is losing share. The euro-dollar exchange rate has not moved much, in the 1,13 area. Oil is still recovering, despite the data on weekly US inventories being much worse than estimates. Brent crude rose by 1,27% to 66,96 dollars a barrel. Gold is well matched near 1214 dollars an ounce.
In the business square the positive blue chip patrol is led by Pirelli +1,27%. Tenaris made a comeback +1,22% and Bper +0,83%. Purchases on Brembo +0,77% and Campari +0,4%. Sales are massive on Prysmian, -5,12%, in the aftermath of the quarterly accounts and after the announcement that 2018 adjusted EBITDA will be below the midpoint of the €860-920 million guidance. Moncler reverses course compared to the last sessions, -3,49%. Pardon Leonardo -3,28%; Buzzi -3,41%; Unipol -2,92%.
Telecom, -0,88%, appears nervous as one looms challenge between Luigi Gubitosi and Alfredo Altavilla for the role of managing director. The financial sector is bad, which at 17 lost 1,31%. Red is on for banks like MPS (-3,75%) and Carige, -5%, which hit a new historic low in the session. Among the industrialists, the Bolognese Ima +4,31% and Gima TT +3,08%, listed in the Star segment, recovered ground after the start of the purchase of treasury shares. Among the shooting stars, the worst again today is Mondo TV, -20,40%.
