(ANSA) – MILAN, AUGUST 20 – The main European stock markets remain weak with US indices moving little at parity (Dow Jones -0.08%, Nasdaq +0.1%). The best performer is Paris (-0.06%), followed by Frankfurt (-0.19%), Madrid (-0.34%), Milan (-0.41%) and London (-0.9%). The spread between German 10-year BTPs and Bunds stands at 137 points, with the Italian annual yield down 1.8 points to 3.59% and the German one down 1.7 points to 2.22%. The dollar is weak at 0.9 euros and 0.76 pounds, while on the raw materials front, Texas crude oil (Wti +0.4% at 74.67 dollars per barrel) remains below the 75 dollar mark despite the cautious rise in view of the advances on US weekly inventories. Gas prices are falling below 39 euros (-2.13% at 38.99 euros per MWh) while gold is rising (+0.23% at 2,528 dollars per ounce). Oil companies Bp (-2.27%), Shell (-1.73%), TotalEneries (-0.86%) and Eni (-0.67%) are marking time, together with Saipem (-1.94%) and Tenaris (-1.63%). Banking companies Unicredit are also falling (-2.11%), which has concluded the 3rd tranche of the buyback of securities. According to analysts at Bloomberg, then, one of Franklin Templeton’s funds left Piazza Gae Aulenti in July, choosing to divert its investment to Deutsche Post (-1.85%). Also negative were NatWest (-1.53%), Popolare Sondrio (-1.7%), Commerzbank (-1.45%), Barclays (-1.44%), Banco Bpm (-1.3%), Intesa (-0.57%) and Mps (-0.38%). Profit-taking was on Tim (-1.06%), after the rally the day before (+4%). However, Bt did worse (-7.35%), penalized by an agreement between the historic customer Sky and CityFibre for connection services in the United Kingdom. Vodafone (-2.44%), Telefonica (-1.69%) and Orange (-1.6%) also weighed. (ANSA).
2024-08-21 13:31:11