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Tim shines on the Stock Exchange: the single network is closer

The government's openness to the American fund Kkr seems to pave the way for the agreement with Open Fiber on the single network - Meanwhile, the uncertainty linked to the developments of the pandemic prevails on the European stock exchanges

Tim shines on the Stock Exchange: the single network is closer

After the rises at the start of the week, the European stock exchanges begin Wednesday's session shyly. About an hour after opening, Milano (which lost half a point in the opening stages) scores +0,16%. Little better Frankfurt (+0,28%), while Paris e Madrid they are flat. Outside the Eurozone, London travels down by 0,25%.

Contrasted closure also for the American lists: Dow Jones -0,47% S & P 500 + 0,07% Nasdaq +0,27%. The latest data on consumer confidence weighed heavily, dropping to 84,8 points in August, a new low due to the economic consequences of the pandemic.

Same score a Tokyo, where the Nikkei closed down -0,03% and the Topix down -0,17%. In the rest of Asia, Seoul + 0,06% Shanghai -0,97% and Shenzhen -1,49%. Bucking Taiwan: +0,38%.

Markets carefully evaluate news on the trade thaw between the US and China (Beijing has assured that it will abide by phase one of the agreement reached in January), in addition of course to the latest developments of the pandemic.

The death toll from Covid-19 rose above 177 in the United States on Tuesday. Meanwhile, WHO experts continue to question claims about the use of plasma as a treatment for coronavirus patients. The same number one of the American Pharmaceutical Authority, Stephen Hahn, acknowledged having said some inaccuracies regarding a study according to which plasma would lead to a 35% improvement in survival.

On the other hand, WHO also spoke of a global slowdown of the pandemic: in the week ended August 23, 1,7 million new cases were recorded, a figure down 5% compared to the previous week, while deaths fell by 12%, to 39 thousand.

As regards the individual securities of the Ftse Mib securities, the best increase is that of Tim (+3,6%): the Government's openness to the American Kkr fund seems to pave the way for an agreement with Open Fiber on the single network. Well too Banca Mediolanum (+ 1,29%), Unipol (+ 1,16%) and Mediobanca (+1,08%). At the end of the list, however, appear Ivy (-1,09%), Terna (-0,94%), Prysmian (-0,9%) And Snam (-0,45%).

Petroleum little moved, awaiting data on US inventories and while hurricane Laura gains strength in the Gulf of Mexico and travels towards the coasts of Texas and Louisiana: WTI due in October rises by 0,1%, to 43,36 dollars a barrel , while Brent with the same maturity appreciates by 0,33%, to 46,01 dollars.

On the currency side, the euro it moved little, at 1,1819 dollars (1,1814 at yesterday's close) and at 125,652 yen (from 125,67). The greenback, on the other hand, is worth 106,329yen.

Lo spread between Btp and Bund it stands at 150 points, down by two basis points compared to Tuesday's close.

Finally, the quotations of thegold they are down 0,74%, at 1914.12 dollars an ounce.

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