Salt Atlantia, but Italian banks remain weak, while the European markets close uncertainly due to the risk of a new crisis between the United States and Turkey. Frankfurt -0,22% and Madrid -0,11% are negative. Paris is flat, -0,08%, with Air France-KLM down 3,1%, after the change in leadership and the fear of new strikes. Just above parity London, +0,08%.
Piazza Affari loses 0,53% (20.415 points) e closes the seventh consecutive session in the red, apart from the August 5,68th holiday. The Milanese price list is once again in the dark, despite the rebound of Atlantia, +XNUMX%, after the deluge of sales due to the collapse of the Morandi bridge in Genoa.
The Ftse Mib is mainly weighed down by the banks, which are unable to raise their heads, while government bonds remain weak, even if they recover in the final. The 3,12-year yield is 281.30% and the spread with the Bund reaches 0,21 basis points (+XNUMX%). The pressure on the Italian paper reflects an overall risk aversion, triggered by the escalation of the crisis between Washington and Ankara. Originally the decision of a Turkish appeals court to reject the request for freedom of the American pastor Andrew Brunson, the ideal premise for a new round of sanctions.
For the same reason, the Turkish lira once again loses share against the dollar and leaves about 4% in the field. Following Wall Street opens down, even if the Dow soon reverses course and moves into positive territory. Tesla loses almost 8%, awaiting a meeting with the SEC to provide explanations and materials on the tweets with which CEO Elon Musk said on August 7 that he wanted a delisting of the group. Today, an interview with the New York Times also takes center stage in which Musk claims that the last one was an "atrocious" year and that on a personal level the worst is yet to come for him.
Among the raw materials the Petroleum, like Brent, rose by 0,6%, to 71,86 dollars a barrel. Gold gains 0,4%, reaching 1178,93 dollars an ounce.
On the monetary front the euro recovers 0,3% and moves around 1,14. The single currency is partly driven by the data on inflation: 2,1% according to Eurostat in July, up from 2% in June. Italy is at 1,9%. Meanwhile, the public debt is down after the record in May: -4,1 billion in June compared to the previous month, for a total of 2.323,3 billion euro.
Returning to Piazza Affari, we note that the most bought stock is Atlantia, even if the outcome of the confrontation with the government on the front of concessions and the legal battle that could ensue is anything but obvious. Moody's writes that the rating is at risk if there is a formal revocation of the concessions, while S&P keeps the title under observation. In the meantime, however, the company takes a breather, taking advantage of some signs of uncertainty on the line to be taken by the majority. In particular, the words of the interior minister Matteo Salvini seem to be a partial about-face.
The session is positive for Cnh, +1,15%; Mediaset, +0,95%, after recent losses; Campari, +0,33%, following the “buy” of Berenberg thanks to the increase in sales of Aperol in the United States; Finecobank +0,34%.
Sales penalize Ubi, -3,53%; Saipem -3,33%; Banco Bpm -2,95%; Stm -2,28%; Leonard -2,4%. Outside the Ftse Mib Mps loses 4,72%
