The stock markets improve at the end but the US-China tensions push the lists into red

(Il Sole 24 Ore Radiocor) – The rekindling of US-China tensions due to the visit of the speaker of the American House, Nancy Pelosi, to Taiwan characterized the day of trading on the European stock markets. THE main price lists they closed moderately down, recovering from the lows of the day but failing to regain parity. At Piazza Affari the FTSE MIB he did so mark -0.35%. Among the main Milanese titles, Banco Bpm was highlighted on the eve of the publication of the half-yearly report and while the process of selecting the insurance partner remains in the spotlight. Also good Stellantisafter the Italian car market in July halted the collapse of the previous months, e Ferrarisupported in particular by the upward revision of the guidance on 2022. Sales, on the other hand, up Amplifon, Saipem And Davide Campari. Pelosi’s visit marks the first time in 25 years for a high-ranking American office to Taiwan, and Beijing has immediately made it known that it considers Washington’s “interference” in the territory that China has been claiming for decades a threat.

FTSE Mib stock market trend

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Quarterly in the spotlight at Piazza Affari

As far as stocks are concerned, the quarterly season continues in Piazza Affari, which so far has reserved mainly positive surprises from the “big names” who have reported the quarterly and half-yearly accounts. It is the case of Finecobank And Generalstruck by the achievements despite the results above expectations, while Ferrari took advantage of the positive numbers and the upward revision of the 2022 guidance. Good Iveco Group And Leonardo – Finmeccanica, the latter thanks also to the fact that the American regulator of the aviation sector could soon give the green light to the resumption of deliveries of the B787 (Leonardo supplies components to Boeing). Among the worst Saipemdespite the initial flicker in the wake of a new $ 300 million contract, e Moncler.

Euro / dollar little moved, oil awaits OPEC +

On the currency market, the euro / dollar barely moved to $ 1.0201 from $ 1.0198 closing yesterday. The single currency is also worth 134.47 yen (from 136.42), while the dollar / yen ratio is at 131.81 (131.91). The price of oil has changed little, while the market awaits the OPEC + decisions scheduled for tomorrow: the October contract on Brent marks + 0.26% at 100.29 dollars a barrel and the September future on the WTI + 0.05% a $ 93.94. The price of natural gas on the Dutch Ttf platform rose by 1.1% to 203 euros per megawatt hour.

Behind the first semester

Global equity markets closed the last session of last week up, but to crown one of the worst semesters in decadeswhich sees the world squares in red (-18% on FTSE MIB Milan, Stoxx Europe -10%, US S & P500 -14%, Shanghai -11%). The war exacerbated the pressure on raw material shortages, with inflation returning to the levels of the 1980s in many countries, including Italy, in the face of a sharp economic slowdown.

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The stock markets improve at the end but the US-China tensions push the lists into red


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