(ANSA) – MILAN, AUGUST 09 – European stock exchanges contrasted with weak US prices on the eve of July inflation data in China, Germany, Italy and the US. Frankfurt (-1.1%), Milan (-0.95%) and Paris (-0.46%) are selling, while London (+ 0.2%) and Madrid (+ 0.6%) are up. The cost of labor rose above the estimates in the US (+ 10.8% against the + 9.5% expected), while the economic confidence index was below expectations (38.1 points against the more than 40 expected). The American Petroleum Institute’s advances on US weekly crude oil stocks are expected in the evening.
The price of oil rose (Wti + 1.1% to 91.77 dollars per barrel), while that of gas fell (-1.59% to 189.99 euros per MWh in Amsterdam). Metals contrasted, with gold (+ 0.37% to $ 1,798 an ounce) rising unlike iron (-0.95% to $ 729.5 a ton), the euro rose slightly to 1 , 0238 dollars and the pound, which changed hands at 1.21 dollars.
Purchases are concentrated in the oil sector, with TotalEneries (+ 2.29%), Bp (+ 1.96%), Shell (+ 1.48%) and Eni (+ 0.66%), together with Tenaris (+ 1.13%) and Saras (+ 2.87%). Weak semiconductor manufacturers Ams-Osram (-5.6%), Stm (-4%) and Infineon (-3.47%) together with the automakers Stellantis (-2.25%), Ferrari (-2.14%) ), Renault and Volkswagen (-1.4% both). The banks contrasted, with increases for Bper (+ 1.61%) after the reservation of the Court of Genoa on the appeal of the Malacalza family which blocked the operations of the Board of Directors of the subsidiary Carige. Purchases also on Standard Chartered (+ 2%) and Hsbc (+ 1.58%), followed by Bbva (+ 1.21%), Sabadell (+ 0.57%) and Barclays (+ 0.6%). Weak Unicredit (-0.75%, Banco Bpm (-0.31%) and Intesa (-0.12%), with the differential between BTPs and German Bunds of Carigebrillanti the Standard Chartered banks (+ 2.17%) and Hsbc (+ 1.61%). Good BBVA (+ 0.88%), more cautious Sabadell (+ 0.42%) and NatWest (+ 0.31%). Weak Unicredit (-0.8%), more cautious Banco Bpm (-0.35%) and Intesa (-0.13%) with the spread between German BTPs and ten-year Bunds up to 215.5 points and the Italian annual yield up 8.4 points to 3, 1%. (ANSA).
Source: Ansa
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