(ANSA) – MILAN, AUGUST 19 – The main European stock markets continue to rise cautiously, with US futures negative in view of the July predictive index, expected to decline compared to the previous one for the month of June. Investors’ eyes are on Jackson Hole, which hosts the traditional summer meeting of world central bankers organized by the Fed. Madrid (+1.14%) is the best, followed by Milan (+0.65%), Paris (+0.37%), Frankfurt (+0.2%) and London (-0.13%), which remains negative. Crude oil continues to fall (Wti -0.7% to 76.11 dollars per barrel), gas is positive (+1.18% to 40.12 euros per MWh), again above 40 euros and gold retreats from its highs (+0.21% to 2,495.65 dollars per ounce), again below the threshold of 2,500 dollars. The dollar is still weak at 0.9 euros and 0.77 pounds, while the spread between BTPs and German Bunds falls to 136.9 points, with the Italian annual yield falling by 3.3 points to 3.59% and the German one by 1.6 points to 2.23%. Purchases are confirmed in the car companies Stellantis (+1.9%) and Volkswagen (+1.55%) while the decline is reduced in the defense sector, penalized in the morning by press rumors about a halt to new German military aid to Ukraine. Saab remains heavy (-4.3%), while Rheinmetall (-1.5%) and especially Leonardo (-0.6%) improve. Iveco (+0.98%) and Daimler Truck (-0.06%) are contrasting. In the banking sector, Bper (+1.82%), Bbva (+1.43%) and Sabadell (+1.6%) stand out. More cautious Unicredit (+1.18%), Commerzbank (+0.95%), Intesa (+0.9%), Montepaschi (+0.84%) and Banco Bpm (+0.7%). Contrasting Bp (-0.19%) and Shell (+0.18%), Eni (+0.4%) and TotalEnergies (+0.83%) are doing better. Tim (+3.83%) is soaring in Piazza Affari after the agreement with Nokia for 5G in Brazil. More cautious Telefonica (+1.37%) and Vodafone (+0.64%). (ANSA).
2024-08-19 14:19:28