(ANSA) – MILAN, AUGUST 20 – European stock markets were weak at the end with US indices below parity after an uncertain start (Dow Jones -0.05% and Nasdaq -0.45%). The best performer was Paris (-0.11%), followed by Madrid (-0.18%), Frankfurt (-0.27%), Milan (-0.5%) and London (-0.98%). The spread between German 10-year BTPs and Bunds rose to 138 points with the Italian annual yield falling by 1.5 points to 3.6% and the German one by 2.6 points to 2.21%. The dollar was weak at 0.89 euros and 0.76 pounds, while on the raw materials front US crude oil remained below the 75 dollar mark (Wti +0.36% to 74.64 dollars a barrel) in view of the previews on US weekly inventories expected in the evening. Gas prices at ADS Amsterdam fell below 38 euros (-4.97% to 37.88 euros per MWh) while gold remained unchanged at 2,523 dollars per ounce. Oil companies Bp (-2.66%), Shell (-2.42%), TotalEneries (-1.29%) and Eni (-1%) were weak, along with its affiliates Saipem (-2.57%) and Tenaris (-2.26%). Banks were also under fire, from Unicredit (-2.18%), which concluded the 3rd tranche of its 1.5 billion stock buyback plan. Bloomberg analysts also learned that one of Franklin Templeton’s funds left Piazza Gae Aulenti in July, diverting its investment to Deutsche Post (-0.78%). Also down were Banco Bpm (-1.73%), Popolare Sondrio (-1.7%), Hsbc (-1.57%), Commerzbank (-1.4%), Lloyds (-1.32%), Intesa (-0.59%) and Mps (-0.53%). Profit taking on Tim (-1.23%), after the 4% jump reported the day before. Under pressure was Bt (-6.77%), penalized by an agreement between the historic customer Sky, which chose CityFibre as its supplier for connection services in the United Kingdom. Vodafone (-2.3%) Telefonica (-1.35%) and Orange (-1.3%). (ANSA).
2024-08-21 05:27:29