MANAGED SAVINGS DRAG BUSINESS SQUARE IN RED. WALL STREET DRAGING UP THE REST OF EUROPE
Final in positive ground for the main European stock exchanges after a day of declines thanks to the good performance of Wall Street. However, Piazza Affari closed down by 0,30%, the Ftse Mib index at 23097 points. Frankfurt gains 0,28%, Madrid +0,30%. Paris +0,69% does even better. London +0,23%. The spread remained stable at around 124 basis points. The yield of the BTP 10 stood at 2,08%.
The euro is unchanged from last night's close, trading at 1,101 against the dollar, a six-week low. The US stock market accelerates thanks to the push of technology companies: Dow Jones +0,1%, S&P500 +0,2%, Nasdaq +0,5%. Advance Google +2% which will give the results on Thursday evening. The big banks Jp Morgan +0,5% like Citigroup did well. Bank of America +0,2%.
After the decline coinciding with the announcement of the agreement with Iran, oil recovered positions: Brent is trading at 58,1 dollars a barrel, up by 0,4%. Eni it lost 0,2% on the day of the announcement of the nuclear deal in Iran, an agreement that will lead to the progressive elimination of sanctions against Tehran. Saipem rises by 1,4%.
Conditioning the performance of the Italian Stock Exchange was the collapse of managed savings, pierced by a call from Consob. Azimuth e Mediolanum lose more than 7%. The financial market regulator has called on fund market operators to be more transparent with regard to the calculation of performance fees.
Bank stocks in red: Unicredit -1% Understanding -0,5% Monte dei Paschi + 2%. Banca Popolare di Milano loses 1,4%. Telecom Italia -1,24% and Ferragamo -0,53% closed in the red, already protagonists of Monday's session. In evidence Prysmian +1,41% and Fiat Chrysler + 0,61%.