Asian price lists are slowing down, while the prospect of an imminent one is making itself felt again attack on Syria. Yesterday morning, the alarm for missiles in flight in the Mediterranean (as it was later ascertained, it was an Israeli exercise) caused a sudden slowdown in European price lists. This morning, oil crossed the threshold of 115 dollars a barrel in Asia again.
Volatile the Stock Exchange Tokyo , down for most of the session but modestly up +0,2% one hour after the close, Hong Kong uncertain -0,3% and the other Far East markets.
Sounds the alarm again on the front of emerging currencies: new collapse this morning for the Indian rupee, down 19 percent this year. Indonesian Finance Minister Chatob Basri underlined that the issue will be debated tomorrow at the G20: he said that we are finally asking the United States for clarity on monetary policy.
Wall Street closed in positive ground: Dow Jones +0,16, S&P +0,42, Nasdaq +0,63%. The data from the Fed's Beige Book will be published tonight. The data on US employment will be released on Friday, the fundamental step in view of the probable tapering, the cut in purchases on the market by the US central bank which could start on 18-19 September.
Tomorrow is a day full of appointments: G 20 in Moscow, the Bank of England summit, the eagerly awaited directorate of the European Central Bank in Frankfurt.
THE RETURNS OF BUND ET BOND FLY
Helsinki +3,7% was the leading stock exchange yesterday thanks to the rally of Nokia +34% on the news of the sale to Microsoft of the mobile division in exchange for 5,44 billion euros. The buyer's stock loses 5,7%.
In the meantime, there will be a reply from Apple on Tuesday 10: yesterday the presentation of the new iPhone was confirmed. Also expected the release of iOS7 mobile operating system update and Mac OS X Mavericks.
The Exchange of Milano he slowed down in the final closing a session with an erratic trend lower: Ftse Mib index -0,28%. On the government bond market there was a further outflow of liquidity from safe haven assets. The yield on the Bund moved close to its highest level since March 2012 at 1,94%. The spread between Bunds and BTPs narrows to 239 basis points (-5 basis points). 2,88-year IT bonds return to 9% (+1,95 basis points) while the XNUMX-year Bund rises to XNUMX%.
London, Paris and Frankfurt closed down between 0,7% and 0,8%. Madrid gained 0,8%.
STM AND TELECOM SUPPORTED BY NOKIA AND VODAFONE
The Italian repercussions of large deals in the world of telecommunications are in the spotlight. StM it gained 1%, but started off with a 4% jump. Europe's top chipmaker, removed from Bank of America and UBS' avoid lists this morning, moved in sync with the STOXX index of technology companies.
Telecom Italy it closed up 1,9%, fifth consecutive day of gains. Vodafone lost 5% following the announcement of the sale of the minority stake in Verizon Wireless.
Eni it lost 0,9%, a decline that affected the performance of the entire index. The company has made an important new discovery at the Agulha well, located in area 4 offshore of Mozambique, which opens up a new exploration front. Preliminary estimates indicate that the structure could contain between 176 and 247 billion cubic meters of gas. Bad news instead from Libya: the blocks on oil production will weigh on the third quarter.
Among the utilities, Snam -1,1%, Enel +0,3%. The best blue chip was Pirelli, +2,7%, supported by indications on market trends from rival Michelin. Fiat +0,6% following the release of data on car registrations in Italy in August.
Where's Banca gained 1,62%: Equita changed the opinion to “buy”. The other banks moved little. Generali lost 1%, Fondiaria Sai +1,2%. Among the blue chips, Autogrill was down (-1,4%). The French Dufry has won the tender for the assignment of the ten-year concession relating to the management of duty free activities in terminal 3 of the Guarulhos international airport in Brazil. The news is negative for World Duty Free (Autogrill) which was competing for the assignment of the concession.
