At the end of a swinging session i European lists today they grab a rebound, favored by the in tune start of Wall Street and from the rise of Apple (+1,4%), after the recent losses caused by war on iPhones declared by Beijing. However, the budget of the eighth remains in the red for the financial markets of the two continents, awaiting the meetings of the ECB and Fed in the coming weeks.
Piazza Affari shines Saipem, Mediobanca down
Business Square it appreciated by 0,28% to 28.233 basis points, led by Saipem +4,85%, well bought after the announcement of two new offshore contracts in Ivory Coast and Italy for a total value of 850 million euros. Banks also find the plus sign, despite some volatility. The best ones are Understanding +1,2% and Mps Bank +2,12%. It's an exception Mediobanca, -0,66%, on which clouds are gathering in view of board renewal. Delfin sends back to the sender the management's proposal for a single list, as it is not in line with the requests made in August, of the safe of Del Vecchio's heirs. At the conditions offered by Mediobanca - writes Ansa citing financial sources - Delfin is better off presenting his own list and having, at worst, 2 'free' directors rather than 4 bound by the commitments requested by Piazzetta Cuccia. The holding led by Francesco Milleri adds the agency, aims at a profound renewal of the current board and the appointment of a new president in place of Renato Pagliaro.
Managed savings suffers and the black jersey goes to today too Finecobank -1,76%, downgraded by JP Morgan to 'neutral' from 'overweight', with target price revised to 14,9 euros from 17,1 euros.
Losses over one percentage point per Diasorin -1,75% and Cnh -1,33%.
The secondary market for government bonds closes with little movement: lo spread between ten-year BTPs and Bunds of the same duration it rises to 173 basis points (+1%), with the yield of the Italian bond at 4,32% (from 4,33% yesterday) and that of the German bond falling a little more, to 2,6% (from 2,62%).
London dances to the timeless music of the Beatles
In the rest of Europe Paris gains 0,62%, with Madrid +0,61% and Frankfurt +0,17%, while Amsterdam is slightly negative (-0,08%). Outside the eurozone, it rises London +0,49%, to the rhythm of the timeless music of the Beatles. In fact, the Round Hill Music Royalty Fund is soaring (+64,48%), which holds the copyright of the works of great artists such as the Fabulous Four, after the 496 million dollar purchase offer by Alchemy Copyrights.
In general, media, travel and luxury stocks were the liveliest sectors on the continental stock exchanges.
The euro raises its head and energy returns
In the foreign exchange market, theeuro, after the losses against dollar suffered in recent days in the face of two economies that seem to be moving in different directions, with data showing weakness in the bloc and a more than resilient US economy.
The single currency shows the cultural, above 1,07, but the Financial Times underlines that the euro is heading towards the eighth consecutive week of weakening with a loss of 5% since mid-July, symmetrically the dollar will close the eighth week on the rise. A dynamic that has its roots in the different resilience of the economies of the two areas in the face of the restrictions of the central banks.
A few days after the ECB meeting, among other things, theGerman inflation it is confirmed well above the 2% target, at 6,1% in August and, according to the derivatives market, there is a 35% chance of a rate increase. Bofa is betting on an increase of 25 basis, while he sees a stop in subsequent meetings but not a rate cut.
Meanwhile, energy is running high again, with consequent risks for inflation. Today the price of gas in Amsterdam it rose by 5,5% to 34,550 euros per MWh, affected by the strikes at Chevron's gas liquefaction plants in Australia, while the Petroleum resumes its march. Brent is rapidly approaching 91 dollars a barrel and WTI is currently appreciating by around 1% to 87,75 dollars a barrel.
