(ANSA) – MILAN, AUGUST 09 – European stock markets contrasted in the final with weak US prices on the eve of July inflation data in China, Germany, Italy and the USA.
Frankfurt and Milan (-1% both) were down, together with Paris (-0.53%). London holds (+ 0.16%), Madrid is brighter (+ 0.6%). 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 advances of the American Petroleum Institute on weekly crude oil stocks are on the way, whose prices rise (Wti + 0.83% to 91.48 dollars per barrel) but remain below the 100 dollar threshold. The differential between German BTPs and ten-year Bunds fell to 213 points, with the Italian annual yield reducing the increase to 4.7 points and dropping to 3.06%.
Purchases of oil Saras (+ 4.74%), TotalEneries (+ 2.45%), Bp (+ 1.73%), Shell (+ 1%), Tenaris (+ 1.52%) and Eni (+0 , 65%). Weak semiconductor producers Ams-Osram (-7.4%), Stm (-4.85%), also frozen due to excess volatility, and Infineon (-4.6%). Tension also on the automakers Stellantis (-2.1%), Renault (-2.17%), Volkswagen (-2%) and Ferrari (-1.8%). In the banking sector, Hsbc (+ 1.63%), Standard Chartered (+ 1.58%) and Bankinter (+ 1.14%) are up.
Bper rises (+ 1.24%), Unicredit and Banco Bpm are weak (-0.5% both), Intesa is more cautious (-0.15%). (HANDLE).
Source: Ansa
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